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Outcome of board meeting of Mawana Sugars

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Capital Market

Held on 17 August 2018

The Board of Mawana Sugars at its meeting held on 17 August 2018 and has given in-principle approval for the following -

(a) Installation of Incinerator Boiler, Evaporators and Bagasse shed at its Unit Nanglamal Sugar Complex (NSC) (Nanglamal Distillery) situated at Nanglamal, Meerut, U.P. with an estimated cost of Rs 29.00 crore.

(b) To explore the possibility of expansion of NSC Distillery by 30 KLPD i.e. from 120 KLPD to 150 KLPD with a view to evaluating the project economics vis a vis availability of molasses, bagasse etc.

(c) Apply to Government of India, Department of Food and Public Distribution (DFPD) for putting up a new Distillery of 120 KLPD at Mawana Sugar Works, Mawana, U.P., a unit of the Company.

 

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First Published: Aug 17 2018 | 6:49 PM IST

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