Uttar Pradesh has achieved an Ethanol blending of 9.89%, the highest in the country followed by 9.68% in Karnataka, and 9.59% in Maharashtra, says C. S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd (ASEL).

Talking about the results, C. S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd. said, “Strong exports during the current season and diversion of sugar to B-Heavy Ethanol helped control India’s ballooning sugar production. Erratic rainfall during the growth period also resulted in lower sugarcane yield in North India while the Southern States witnessed a sharp rebound in production."

"GOI's commitment to Ethanol blending remains strong as it contributes towards reduction of India's net petroleum imports and save foreign exchange outgo. Ramp-up of Ethanol capacities will result in balancing the sugar inventory level. Uttar Pradesh has achieved an ethanol blending of 9.89%, the highest in the country followed by 9.68% in Karnataka and 9.59% in Maharashtra. The credit profile of integrated sugar mills is likely to improve significantly in 2022-23 due to increase in distillery capacity, improving sugar inventory position and higher Ethanol supply," commented Nopany.

We envisage ASEL's profitability to enhance amid distillery capacity expansion, increased yield and recovery of sugar and price correction due to low inventory availability. With improved cash flow, the company is concentrating its efforts on debt reduction and substantially strengthening its balance sheet going forward,” added Nopany.

Avadh Sugar & Energy Ltd. deals in sugar, spirits and Ethanol, Cogeneration and other by-products arising out of the manufacturing process of sugar or resultant of any activity related to sugar business. The company is having four sugar mills at Hargaon (District Sitapur, Uttar Pradesh), Seohara (District Bijnor, Uttar Pradesh), New India Sugar Mills, Hata (District Kushinagar, Uttar Pradesh), Rosa Sugar Works at Rosa (District Shahjahanpur, Uttar Pradesh) with a combined crushing capacity of 31,800 TCD.

The company also has two distilleries at Hargaon and at Seohara with a total capacity of 240 KLPD (B Heavy). The company also has a Cogen facility and can generate 74 MW power.