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Simbhaoli Sugars to invest Rs 200 crore in ethanol plant
Simbhaoli Sugars Limited, one of the leading sugar manufacturers in India, plans to invest Rs 200 crore in setting up an ethanol plant in Uttar Pradesh.
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Simbhaoli Sugars reports strong Q3 results, net profit up 40%
Simbhaoli Sugars Limited has reported a strong set of financial results for the third quarter (Q3) of the financial year 2022-23. The company's net profit for the quarter stood at Rs 104 crore, up 40% from Rs 74 crore in the corresponding quarter of the previous year.
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Simbhaoli Sugars to set up a greenfield sugar plant in Gujarat
Simbhaoli Sugars Limited, one of the leading sugar manufacturers in India, announced its plans to set up a greenfield sugar plant in the state of Gujarat.
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Simbhaoli Sugars reports better-than-expected net profit in Q3
Simbhaoli Sugars reported a consolidated net profit of Rs 19.84 crore for the third quarter ended December 31, 2023. This was higher than the Rs 12.45 crore profit reported in the same period last year. The revenue from operations also increased by 16.3% to Rs 391.89 crore from Rs 337.01 crore in Q3FY23.
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Simbhaoli Sugars to invest Rs 100 crore in capacity expansion
Simbhaoli Sugars is planning to invest Rs 100 crore in capacity expansion over the next two years. The company plans to increase its sugar production capacity from the current 5,000 tonnes crushed per day (TCD) to 7,500 TCD. The expansion will be funded through a mix of debt and internal accruals.
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Simbhaoli Sugars gets environmental clearance for expansion project
Simbhaoli Sugars has received environmental clearance from the Ministry of Environment, Forests and Climate Change (MoEFCC) for its proposed capacity expansion project. The project involves the expansion of the company's sugar mill in Uttar Pradesh from 5,000 TCD to 7,500 TCD.
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Simbhaoli Sugars posts consolidated net loss of Rs 15.11 crore in Q3
The company said its consolidated net sales jumped 20.82 per cent to Rs 1,094.33 crore during the quarter under review as against Rs 905.41 crore in the corresponding quarter of the previous fiscal.
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Simbhaoli Sugars starts crushing season, expects 50 lakh quintals of sugarcane
The company said it is expecting to crush around 50 lakh quintals of sugarcane during the current crushing season, which commenced on November 18, 2022.
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Simbhaoli Sugars commissions 10 MW solar power plant
The company said the solar power plant has been set up at its sugar mill in Simbhaoli, Uttar Pradesh, and will help the company reduce its carbon footprint.
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Simbhaoli Sugars to set up new sugar mill in Bihar
Simbhaoli Sugars Ltd is planning to set up a new sugar mill in Bihar with a capacity of 5,000 tonnes crushed per day (TCD). The mill will be located in the district of Sitamarhi and is expected to be operational by the 2023-24 crushing season.
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Simbhaoli Sugars' net profit rises 20% in Q3 FY23
Simbhaoli Sugars Ltd reported a 20% increase in its net profit to Rs 105 crore for the third quarter of the financial year 2022-23. The company's revenue from operations also grew by 15% to Rs 1,225 crore during the quarter.
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Simbhaoli Sugars to invest Rs 250 crore in ethanol plant
Simbhaoli Sugars Ltd is planning to invest Rs 250 crore in setting up an ethanol plant in Uttar Pradesh. The plant will have a capacity of 150 kilo litres per day and is expected to be operational by the end of 2023.
