The Karnal Co-Operative Sugar Mills Limited (KCOSML) expansion project is a significant investment in the Karnal district of Haryana, India. The project will expand the existing sugar plant from 2,200 tons crushed per day (TCD) to 3,500 TCD, with the potential to further expand to 5,000 TCD. The project will also set up a new 18 MW co-generation power plant.
The project is expected to cost Rs. 263.08 crores and will be financed through a mix of equity and debt. The project is expected to be completed within 18 months of commencement of construction.
The project is also aligned with the Government of India's Make in India initiative, which aims to promote manufacturing in India. The project will increase the production of sugar and electricity, which are essential commodities. The project will also create new jobs and boost the local economy.
Overall, the Karnal Co-Operative Sugar Mills Limited expansion project is a positive development for the Karnal district of Haryana and the country as a whole.
The project is now in the stage of construction being started. The completion of the project's work has reached the 70% mark. The work on the project will be finished by February of 2024.