• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , Nov. 9

EMPEE Sugars and Chemicals Ltd has achieved financial closure for its 20-MW cogeneration project.

The company, which has turned around following the buoyancy in the sugar sector, has embarked on doubling its distillery and sugarcane milling capacity in the coming years.

According to Mr R. Chandra Mohan, Senior Vice-President, Empee Sugars, the Empee group has floated Empee Power India Ltd to put up the Rs 76-crore project at its sugar mill in Nellore district of Andhra Pradesh. The loan component will be Rs 53 crore with the balance as internal accruals.

Its distillery capacity is being doubled to 60 kilolitres a day at a cost of Rs 7 crore and will be completed by the financial year-end.

The company foresees higher sugarcane availability in the coming season, owing to good rainfall.

It is gearing to expand its sugar-milling capacity from 2,800 tonnes a day to 3,500 tonnes in 2007-08 and about 5,000 tonnes in 2008-09.

During the current season it expects to crush about 4 lakh tonnes of cane and about 7 lakh tonnes in the next, he said.

Besides this season's rains, the groundwater in its sugarcane-growing areas is expected to improve because of a government-sponsored irrigation project across the Swarnamukhi. This irrigation barrage will help conserve water in the river.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cipla to develop generic version of bird-flu drug

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line