Dalmia Bharat Sugar & Industries’ has acquired a sugar plant situated at Sangli in state of Maharashtra having a cane crushing capacity of 1750 Tonnes Crushed per day (TCD) at a consideration of Rs 24.30 crore from Maharashtra State Cooperative Bank. The company has purchased the said sugar plant under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2012 (SARFASI Act).
The said plant is not operational for the last 7 years, the starting of operations of the plant would be determined after examining the condition of the plant on taking possession. The company currently has total cane crushing capacity of 27300 TCD at its existing plants in Uttar Pradesh and Kohlapur, Maharashtra.
Dalmia Bharat Sugar & Industries’ business has year on year moved up the value chain with a consistent record of making profits and paying dividends, making the company financially strong and stable. With a total income of over Rs 1779 crore the company has business interests in two major segments, Cement and Sugar.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
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