Dalmia Bharat Sugar and Industries (DBSIL) has received an approval to acquire an existing sugar manufacturing plant situated near Kolhapur in Maharashtra, having a cane crushing capacity of 2,500 tonnes cane crushed per day. The board at its meeting held on August 21, 2012 has approved for the same.
The above acquisition is however subject to approval of the existing lenders under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and other approvals, if any.
DBSIL currently operates an aggregate of 22,500 tonne cane crushed per day at its existing plants in Uttar Pradesh and is a key supplier of sugar in the North Indian markets.
