The Board of Directors of TRIVENI Engineering & Industries Ltd. at their meeting held on May 25, 2023, approved further capex of INR 850 million for sugar business group, which mainly includes expansion in the capacity of one of the existing sugar units at Sabitgarh by 2,000 TCD (from 7,000 TCD to 9,000 TCD). With the proposed expansion, the total crushing capacity of the Company will stand augmented to 63,000 TCD and also approved proposal for incorporating a special purpose vehicle with an investment not exceeding INR 50 million in one or more tranches for promotion of sports (including chess) in association with Triveni Turbine Limited, with key objective of enhancing the corporate visibility for Triveni Brand at a global level.
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-9.76% | 728M |
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- Triveni Engineering Limited Proposes Expansion in the Capacity of One of the Existing Sugar Units at Sabitgarh by 2,000 TCD and Incorporates Special Purpose Vehicle