Chennai: KPR Mills, a Coimbatore-based company, is planning to enhance its ethanol production capacity by investing Rs 150 crore before the sugar season of 2023-24, reports The Hindu Business Line.
The company boasts diversified businesses, encompassing yarn, fabrics, garments, and white crystal sugar. It has allocated approximately Rs 400 crore for the modernization and expansion of its production units.
In the annual report for the fiscal year 2022-23, K P Ramasamy, the company’s chairman, stated that KPR Mills is set to embark on expanding its ethanol capacity by investing Rs 150 crore before the commencement of the 2023-24 sugar season.
The company currently operates a sugar plant with a capacity of 10,000 TCD and an ethanol facility with a capacity of 130 KLPD. Anticipating a positive impact on its overall operational performance, the company is hopeful that the enhanced revenue from the sugar sector will contribute significantly.
