DCM Shriram announces capacity expansion for sugar biz

The company has invested Rs 300 crore in the expansion thereby integrating power & capacity

DCM Shriram Ltd’s Sugar business has announced commissioning of its capacity expansion of 200 kilo litres per day (KLD) distillery at DCM Shriram Sugar plant at Ajbapur (Uttar Pradesh).

The total capacity of the distillery business after the extension stands at 350 KLD, it had earlier commissioned a distillery in 2017-18 at Hariawan with 150 KLD capacity.

The expansion is in-line with earlier commitment of commissioning the distillery capacity in phases over 18 months to provide stability to the sugar business. The company has invested Rs 300 crore in the expansion thereby integrating power & capacity.

Announcing the expansion, Ajay S Shriram, Chairman & Sr Managing Director & Mr Vikram S Shriram, Vice Chairman & Managing Director, DCM Shriram Ltd. said, “The expansion and upgradation is part of our vision to make the sugar business more robust and thereby providing full integration on molasses. We expect that this expansion will further strengthen the return profile of the sugar business.”

DCM has sugar production units in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh with a combined installed cane crushing capacity of 38,000 tonnes per day (TPD) and a power generating capacity of 149 MW.