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Simbhaoli Sugars gets approval to set up sugar refinery in Gujarat

03 Jul 2013 Evaluate

Simbhaoli Sugars has received an approval for setting up of a sugar refinery near Kandla port, Gujarat under the JV arrangement and carrying out the project implementation works in technical vertical subsidiary of the Company. The recent changes in the business structure also include increasing business activities of the Company, diversification of its operations by hiving off the alcohol and power businesses into separate companies.

The Board of Directors of the Company has approved for the same, subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.

Simbhaoli Sugars has three sugar plants (Simbhaoli and Brijnathpur, Western UP and Chilwaria, Eastern UP) with a combined, crushing capacity of 20,100 TCD. It is capable of producing a wide range of world-class sugars i.e. white crystal refined sugar, pharmaceutical grade sugar, EU grade sugar (foe exports), superfine sugars, sugar cubes and candy sugar.

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