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Chennai, Nov 2: EID parry, a part of
the Murugappa group, has drawn up Rs.291-crore capital
expenditure programme, spread over the next couple
of years, to beef up sugar. alcohol and
cogeneration capacities.
Company officials told a meeting of analysts held
in Mumbai recently, that 40 per cent of the capex
would be funded through internal accruals. The balance
would be financed through debt.
The capex programme envisage an investment of
Rs.116 crore in co-generation, Rs. 45 crores in
sugar and Rs.80 crores in alcohol over the next two
years.
The ostensible objective of this capex is to
increase co-generation capacity from 24.5 MW to 77MW
by 2007-08 , sugar output from 2.6 lakh tonnes and
alcohol / litres to 42 million litres.
The Pugalur factory will see an investment of Rs.52
crores, essentially co-generation. About Rs.35
crores will go into beefing up alcohol production at
Nellikuppam.
The Pudukottai unit will see maximum capex at
Rs.123 crores (Rs.10 crores in sugar, Rs.68 crores in
co -generation and Rs.45 crores in
alcohol). The company hopes to invest
Rs.46 crores in its Pettavaithalai facility, mainly in
co-generation. In addition, it will spend Rs.35
crore to upgrade the quality and efficiency of sugar
production.
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