Dwarikesh Sugar spurts on commissioning 175 kl per day distillery

Image
Capital Market
Last Updated : Jun 24 2022 | 5:31 PM IST

Dwarikesh Sugar Industries jumped 9.35% at Rs 104.70 after the company announced the commissioning of 175 kilo litre per day distillery at its Faridpur unit in Bareilly district in Uttar Pradesh.

The plant was commissioned on 24 June 2022 and will use cane juice syrup and 'B' heavy molasses as feedstock to produce ethanol. The company's total distillery capacity now stands at 337.5 kilo litre per day. It will result in recalibration of its revenue stream. While ethanol production will be doubled, sugar production will be moderated, the company said.

The distillery is based on cutting edge technology which will result in zero liquid discharge. The plant will be fully compliant of rigorous pollution emission norms, thus strengthening the company's ecological relevance.

Dwarikesh Sugar Industries is engaged in the business of manufacture and sale of sugar co-generation of power and industrial alcohol.

The company's net profit surged 23.6% to Rs 59.61 crore despite of a 20.8% fall in net sales to Rs 474.96 crore in Q4 FY22 over Q4 FY21.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 24 2022 | 4:09 PM IST

Next Story