Magadh Sugar & Energy’s board has accorded their consent to the capex project of setting up of 75KLPD Distillery including installation of incineration boiler at its unit at Bharat Sugar Mills, Sidhwalia at an estimated cost of Rs 158.60 crore to be funded by mix of debt and internal accruals. The Board of Directors of the company at its meeting held on February 6, 2020 has approved the same.
The company is mainly into business of the manufacturing of sugar and allied products.