Birla sugar cos plan $187 mn expansion

Birla sugar cos plan $187 mn expansion
Comment E-mail Print Share
First Published: Mon, Apr 09 2007. 01 10 PM IST
Updated: Mon, Apr 09 2007. 01 10 PM IST
Reuters
New Delhi: Birla group will invest Rs8 billion ($186.5 million) by November to ramp up its sugar, ethanol and electricity output, a senior company official said on Monday.
Birla group, one of the country’s top conglomerates, has three sugar firms — Oudh Sugar Mills Ltd, Upper Ganges Sugar and Industries Ltd, and Gobind Sugar Mills Ltd.
“We want to de-risk the sugar business to an extent by putting up capacity for ethanol and power co-generation as sugar is a cyclical business with ups and downs,” Chandra Shekhar Nopany, chairman and managing director of Oudh Sugar Mills, told Reuters in an interview.
Comment E-mail Print Share
First Published: Mon, Apr 09 2007. 01 10 PM IST
More Topics: Corporate News | Sector Spotlight |