India Glycols expands distillery capacity at Kashipur plant

India Glycols approved a Rs 160 crore expansion of its grain-based distillery at Kashipur, Uttarakhand, from 300 KLPD to 500 KLPD, in two phases by Q4 FY24. The company also approved an Rs 82 crore expansion for new value-added chemical products with 10,000 tonnes per year capacity, expected by Q4 FY24.

“The company said it is doing this because of increase in demand of ethanol and captive requirements.”moneycontrol.com

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• moneycontrol.comIndia Glycols trades 3% higher on Rs 242-cr capacity expansion planAug 8, 2023

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