Dwarikesh Sugar Industries Limited, a diversified and integrated sugar company with manufacturing plants in Uttar Pradesh, has a consolidated 337.5 KL of Ethanol production per day across two sugar units. 

The company has three plants which possess a combined capacity to crush 21,500 TCD of sugarcane, generate 96 MW of co-generated power (56 MW evacuated to the state electricity grid) and 337.5 KL of Ethanol per day across two distilleries. 

Following the commissioning of the distillery expansion in 2022, the company’s operations are optimally integrated. The distillery capacity is a consolidated 337.5 KL of ethanol production per day across two sugar units. The distillery plants are being operated at their rated capacities. 

The Board of Directors of Dwarikesh Sugar Industries Limited has also announced an interim dividend of Rs. 2 per share (200% on a face value of Rs. 1 per share) for the financial year 2022-23, in its meeting held on 20th March, 2023. The interim dividend outgo will be Rs. 37.66 crores. The Record Date for reckoning the shareholders who shall be entitled to receive the said dividend shall be March 31, 2023. 

This is the second consecutive year in which the company declared an interim dividend. The company had similarly announced an interim dividend of Rs. 2 per share during the previous financial year. 

“We are pleased to reward our shareholders with an interim dividend for the current financial year,” said Vijay S. Banka, Managing Director, Dwarikesh Sugar Industries Ltd. 

“This follows a steady business performance and a robust financial position. The interim dividend is a testimony of our commitment to reward shareholders after earmarking adequate resources for business reinvestment. We remain committed to rewarding our shareholders. Our broad based and diversified revenue mix will help mitigate uncertainties associated with the sugar business and accelerate evolution of our company into a bio-fuel organization,” added Banka.

 Dwarikesh Sugar Industries Ltd. is a diversified and integrated sugar company with manufacturing plants in Uttar Pradesh. The company derives revenue from sugar, by-products (molasses) and value-added products like ethanol and power. Over the years, ethanol has carved out a growing space within the company.