Bajaj Hindusthan has received an approval to sell investments in Bajaj Energy and Bajaj Hindusthan (Singapore). Further, the board of directors of the company at its meeting held on June 21, 2013 has approved seeking consent of shareholders by way of postal ballot for the above business.
Bajaj Hindusthan, a part of the 'Bajaj Group’, is one the largest sugar manufacturing companies in Asia and also the largest industrial alcohol manufacturers in India. It is engaged in sugar manufacturing, distillery operations and bagasse-based power generation. It has 16 sugar mills with a cane crushing capacity of 1.36 lakh tonne per day.
