Board of Directors of KN Agri Resources Limited, in its meeting on October 28, approved a proposal of expansion by way of acquiring majority stake in a sugar and ethanol Unit.
KN Agri Resources Limited informed the exchange that, in a major strategic leap, company inked a transformative deal to acquire a majority stake in a large sugarcane processing and ethanol production unit. This facility has capacity of 3,000 MT per day for sugarcane processing and 300 kilo litres of ethanol production from cane juice and grains. The acquisition, a joint venture with an experienced partner in sugar manufacturing, is expected to reach financial closure within 90 days, subject to Due Diligence clearance undertaken by a top law firm.
KN Agri Resources stands out as one of India’s top five oilseed processors involved in the entire farm-toconsumer food chain. Infrastructure includes three agri-processing plants, two refineries, two lecithin plants, and a roller flour mill in Madhya Pradesh. The company excels in edible oils, animal feed, and soy value-added products. Supported by more than three decade of experience in this industry, KN Agri Resources caters to major industry players such as Adani Wilmar, ITC, Cargill, and Bunge, among others.
The company holds a 26% stake in a molasses-based ethanol unit located in Nashik, which has capacity to produce 120 KL of ethanol daily. This strategic position makes KN Agri Resources a supplier to Oil Marketing Companies under the government’s ethanol blending program.
KN Agri Resources maintains retail footprint through its Khanpan and Classic brands. The company serves a wide customer base across Madhya Pradesh, Chhattisgarh, and Odisha via 125 dedicated dealers.
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