EID Parry (India), a leading sugar producer is planning to invest Rs 286 crore to expand its ethanol production capacity, reports The Hindu Business Line.
The company is planning to expand its ethanol & extra neutral alcohol (ENA) production capacities across its plants to get benefits from the increasing potential in the green energy space.
The company has set up a 120 KLPD (kilo liters per day) multi-feed distillery unit project at its Sankili unit in Andhra Pradesh and the production has begun since January 2023 for the syrup-based distillery. S Suresh, Managing Director of the company said that the grain-based distillery project is expected to be completed by April 2023.
The capacity of the distillery at Haliyal is being expanded to 120 KLPD from 50 KLPD. Apart from this, the board has also approved the expansion of the Nellikuppam facility from 75 KLPD to 120 KLPD.
The company is expected to spend RS 268 crore to expand the capacities of these distilleries which will be around 582 KLPD, said Suresh in an investors conference call.
