Dwarikesh Sugars is planning to increase ethanol production over sugar, said Vijay Banka, the managing director of the Company, reports CNBCTV18.
“Going forward, we will continue to make efforts to sacrifice sugar production and we will try and produce more and more ethanol. On a full season basis, we have sacrificed about 1.39 lakh tonnes of sugar production in favour of ethanol and that’s the trend we think should be sustainable going forward,” he was quoted as saying.
“We can produce and sell 11 crore liters of ethanol annually and we need not have to depend on outside molasses,” he added.
The company’s income in the quarter grew by 2.2% to Rs 571.54 crore compared to the same period last year.
