Current Date: 06 Jul, 2024

Ugar Sugar Sweetens Growth Plans with ₹229 Crore Expansion in Ugar Karnataka

Ugar Sugar Works Limited has announced an ambitious expansion project at its facility in Ugar Khurd, Belagavi, Karnataka. The project, valued at ₹229 crores, aims to significantly enhance production capacities. Once completed, the facility is expected to increase its sugar production to 10,000 tonnes crushed cane per day (TCCPD). Additionally, the expansion includes plans to produce 1200 kilolitres of alcohol per day, marking a substantial diversification of output for the company.

This development comes amidst a backdrop of increasing demand for both sugar and alcohol products in the region and beyond. Ugar Sugar Works Limited, a prominent player in the sector, aims to capitalize on these opportunities by expanding its manufacturing capabilities. The project is set to bolster the local economy by creating employment opportunities and stimulating ancillary industries in Belagavi.

The decision to invest in this expansion underscores Ugar Sugar Works Limited's commitment to growth and innovation in the agro-processing industry. By scaling up its operations, the company aims to strengthen its position in the competitive market while meeting the evolving demands of consumers. The expansion project is expected to leverage advanced technologies and sustainable practices to optimize production efficiencies and minimize environmental impact.

News by Rahul Yelligetti

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Source : Projxnews