The country's largest sugar firm, Bajaj Hindusthan, today said the company has appointed Binod Kumar nominee director of public lender PNB on its board.
The company has also appointed Vipulkumar Shirishkumar Modi additional director.
Bajaj Hindusthan has 14 sugar plants in Uttar Pradesh with a sugarcane crushing capacity of 1,36,000 TCD (tonne crushed per day) and a distillery capacity to produce 8 lakh litres of alcohol a day.
"The board of directors of the company has approved induction of Binod Kumar as nominee director of Punjab National Bank and Vipulkumar Shirishkumar Modi as an additional director," the sugar firm said in a regulatory filing.
The Shishir Bajaj-led Bajaj Group with total revenues of USD 3.25 billion and an asset base of USD 4.4 billion has interest in power, sugar, ethanol, real estate, personal care products and infrastructure.
The group has recently synchronised the second 660-mw unit of its power plant at Lalitpur in Uttar Pradesh.
