Dalmia Bharat Sugar gets nod to develop integrated sugar project in Tanzania

Dalmia Bharat Sugar And Industries Ltd. | Sugar | Agriculture & Allied activities | BSE: 500097 | NSE: DALMIASUG

15 Jul 2026 Evaluate

Dalmia Bharat Sugar and Industries has secured approval for development of an integrated sugar project in Tanzania through Eagle Agrotech Tanzania (EATL) a wholly owned subsidiary of Eagle Agrotech Holdings (EAHL). EAHL is a 51% subsidiary of the Company and Symphony Global LLC holds remaining 49% equity stake in EAHL. The project comprises the development of sugarcane plantation and the establishment of a sugar manufacturing unit along with a cogeneration facility, with an estimated project cost of $132 million. The board of directors of the company at its meeting held on July 14, 2026 has approved the same.

The project plays a key role in the company's international growth strategy, advancing its geographical diversification objectives and serving as a strategic platform for entering global bio-energy markets. The investment is underpinned by favourable long-term market fundamentals. Tanzania and the broader East African region continue to experience a structural deficit in sugar production, with domestic demand consistently exceeding local production. This presents a significant opportunity for import substitution while also providing access to neighbouring regional markets.

The project envisages the development of an integrated sugar estate over 10,000 hectares, with the potential to expand to 20,000 hectares. The development of captive sugarcane plantations is expected to ensure a reliable and sustainable supply of feedstock, thereby strengthening long-term operational resilience. The initial phase of the project includes a sugar manufacturing capacity of around 70,000 MT per annum, expandable to 150,000 MT per annum, together with a 20 MW cogeneration facility, scalable to 40 MW. Over the medium to long term, the company intends to progressively transform the integrated complex into a diversified bio-energy platform by maximizing the utilization of all by-products through commercially viable and environmentally sustainable value-added initiatives.

Dalmia Bharat Sugar and Industries has been one of the fastest-growing success stories in the Indian sugar industry. The company is mainly engaged in manufacturing of sugar, generation of power, manufacturing of Industrial alcohol and manufacturing of refractory products.

Dalmia Bharat Sugar Share Price

361.50 4.25 (1.19%)

16-Jul-2026 16:59 View Price Chart

Peers

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