Vishwaraj Sugar Industries Limited Board approves Land Acquisition for Greenfield Sugar Plant and Distillery

BSE & NSE listed Vishwaraj Sugar Industries Ltd.’s (BSE: 542852, NSE: VISHWARAJ) Board of Directors, in a meeting held recently have approved acquisition of additional 22 acres of land for  getting distance certificate for setting up of greenfield sugar factory along with distillery at Navage Village.

Vishwaraj Sugar Industries Ltd. manufactures Distillery products like Rectified Spirit, Anhydrous Ethanol and Extra-Neutral Spirit from molasses and Sugar Syrup. 

Currently the distillery unit has an installed capacity of 100 KLPD of Rectified Spirit, 50 KLPD of Neutral Spirit and 96 KLPD of Anhydrous Ethanol (being supplied to OMCs). Ethanol produced after fermentation and distillation of Molasses/ Sugar syrup is further dehydrated into Fuel Ethanol, by removing the water content, and the so dehydrated Ethanol contains a minimum 99.6% Ethyl Alcohol that is used for blending with petrol.

The Government of India has advanced the ethanol blending targets recently and it has provided a great boost to the Sugar Industry. 

Incorporated in the year 1995, Vishwaraj Sugar Industries Ltd is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the “High Recovery zones” for sugar production by Government of India. The company operates a single location sugar unit having licensed crushing capacity of 11,000 TCD. In addition to sugar, the company also manufactures other allied products like Rectified Spirits, Extra-Neutral Spirits, Natural Alcohol Vinegar, Compost, Carbon dioxide (CO2), etc. and is also engaged in the generation of Power from Bagasse, a byproduct of sugar industry, for captive consumption as well as external sale. Vishwaraj Sugar Industries Ltd.’s business can hence be broken up into four main segments namely Sugar, Co-Generation, Distillery and Natural Alcohol Vinegar.

Vishwaraj Sugar Industries Ltd. is involved in the process of production of sugar, with a total capacity crushing capacity of 11,000 Metric tonnes per day. The company has total licensed sugarcane crushing capacity of 11,000 TCD and installed sugarcane crushing capacity of 10,500 TCD.

The company has one of the most efficient sugar manufacturing unit with a steam requirement of less than 28% per Ton of sugarcane crushed. This leads to a substantial savings of bagasse, which is used by the company to generate and sell power for another 100 days after the crushing season is over.