SBEC Sugar Limited has entered into a Technical and Services Agreement dated 1st March 2025 with SBEC Systems (India) Limited to get engineering and consultancy services for designing sugar plants, expansion/modernization of existing sugar plants and integration of co-generation facilities.
The agreement will be for a period of Seven years and SBEC Sugar Limited will pay Consultancy Charges at the rate of 0.5% per annum of total turnover of sugar, molasses, bagasse and its products on monthly basis w.e.f 1st March, 2025. SBEC Sugar will make the Payment on monthly basis after withholding tax on invoice raised by SBEC Systems within a period of 10 (Ten Days) days from the date of invoice.
SBEC Systems (India) Limited holds 1,42,30,884 (29.86%) equity shares in the company.
Building upon past experiences and blending the most modern technology in sugar industry led to the formation of SBEC Sugar Ltd. Promoted by Modi Group and SBEC Systems Ltd., UK, SBEC Sugar has access to the cutting edge technology in sugar manufacture. The promoter company is a global player in project design, engineering and consultancy.
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