Riga Sugar, the flagship Dhanuka Group company, is planning to ramp up its power generation capacity by 25 MW for commercial sale. At present, it has an 8 MW co-generation power plant at Sitamarhi in Bihar. The company would start selling power by 2012-13, OP Dhanuka, chairman and managing director of the company told reporters on the sidelines of a press meet here today.
The investment in the power plant would be close to Rs 100 crore. Riga Sugar had earlier undertaken an expansion-cum-diversification programme at its plant, raising capacity of the sugar unit to 5,000 tonnes crushed per day (tcd) from 3,500 tcd.
It has crushed 20,000 tonne sugar cane in the current year and plans to increase it by 60 per cent in the next year. “We hope to clock in a turnover of Rs 100 crore in 2009-2010 (October-September). We are expecting a turnover of Rs 150 crore in 2010-11 as we are increasing our production capacity by 60 per cent,” he said.
