Jagatjit Industries has entered into a agreement with Indian Renewable Energy Development Agency (IREDA) for term loan of Rs 180 crore for setting up 200 KLPD Grain Based Ethanol Distillery Plant. The Facility/ Loan agreement has been executed on November 16, 2023. Earlier, the Board had considered and approved to avail Term Loan of Rs 180 crore from IREDA.
Jagatjit Industries is one of the largest IMFL players in the country was set up in the year 1944, in the erstwhile State of Kapurthala. The company manufactures the entire range of alcoholic beverages i.e. Whisky, Rum, Gin and Vodka.
