The Board of Directors of the Company has resolved to set-up a state-of-the-art distillery project with initial capacity of 230,000 liters per day (the “Distillery/Ethanol Project”). The Distillery/Ethanol Project will produce best quality exportable Ethanol from molasses, which is Sugar’s by-product.
This addition is in line with Company’s aim to maximize the wealth of stakeholders by optimizing the long-term returns and growth of the business. As we move forward with this initiative, we will share key updates on progress of this project. The project is expected to start its commercial production anytime during 2nd quarter of 2025.
