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Dwarikesh Sugar Industries Ltd. — Capital/Financing Update 2021
Jul 8, 2021
61145_rns_2021-07-08_ed149955-718e-4d56-a1cb-ff186463599b.pdf
Capital/Financing Update
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DWARIKESH SUGAR INDUSTRIES LIMITED
Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax : 2204 7288 E Mail : [email protected] Website : www.dwarikesh.com, CIN : L15421UP1993PLC018642
REF: DSIL/2021-22/088 July 08, 2021
Corporate Relationship Department National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra – Kurla Complex, Dalal Street, Fort, Mumbai - 400 001 Bandra [E], Mumbai - 400 051 Fax: 22723 2082 /3132
– Sub: Disclosure under Regulation 30 of SEBI (LODR), 2015 Distillery Capacity Addition at Dwarikesh Dham Unit, Dist. Bareilly, Uttar Pradesh.
Dear Sir,
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that the company has embarked upon a project to set up a 175 KLPD distillery at its Dwarikesh Dham Unit, Dist. Bareilly, Uttar Pradesh. Necessary LOIs for the critical equipment’s are under issuance.
The details which are required to be furnished in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed herewith.
Kindly take the same on record and acknowledgement the receipt of the same.
Thanking you,
Yours Sincerely BALKISHAN Digitally signed by BALKISHAN JAWARILAL JAWARILAL MAHESHWARI MAHESHWARI Date: 2021.07.08 21:37:56 +05'30'
B J Maheshwari
Managing Director & CS Cum CCO (DIN: 00002075)
Encl: as above.
Regd. Office & factory : Dwarikesh Nagar – 246 762, Dist. Bijnor, (U.P.) * Tel.: 01343 – 267057-64 *Fax : 01343 - 267065
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DWARIKESH SUGAR INDUSTRIES LIMITED
| DWARIKESH SUGAR INDUSTRIES LIMITED | DWARIKESH SUGAR INDUSTRIES LIMITED | DWARIKESH SUGAR INDUSTRIES LIMITED |
|---|---|---|
| Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax : 2204 7288 E Mail : [email protected] Website : www.dwarikesh.com, CIN : L15421UP1993PLC018642 |
||
| Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
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| a. | Existing capacity; | 162.5 KLPD |
| b. | Existing capacity utilization; | 90% (appx.) |
| c. | Proposed capacity addition; | 175 KLPD |
| d. | Period within which the proposed capacity is to be added; |
15 to 16 months |
| e. | Investment required; | Rs. 232 cr |
| f. | Mode of financing; | Bank finance: Rs. 185.60 cr Internal accruals: Rs. 46.40 cr |
| g. | Rationale; | a. This project announced is in line with the Indian government’s commitment to broaden the ethanol manufacturing base in India from agricultural resources b. The proposed 175KLPD capacity distillery will be set up at the company’sDwarikesh Dham (Faridpur) unit in district Bareilly, Uttar Pradesh. c. The proposed distillerywill utilize sugarcane juice / syrup as its principal feedstock during the cane crushing season and turn to B Heavy molasses route (or grain) during the off season for continuous manufacture of ethanol. |
Regd. Office & factory : Dwarikesh Nagar – 246 762, Dist. Bijnor, (U.P.) * Tel.: 01343 – 267057-64 *Fax : 01343 - 267065