According to reports, Coimbatore-based KPR Mill plans to diversify into sugar sector by setting up a Rs 325-crore integrated sugar mill in Bijapur district of Karnataka. The BSE-listed firm said the new mill would also have a 34 MW co-generation facility.
KPR Mill Ltd managing director P Nataraj said that as part of diversification plan, the company was setting up a sugar mill in Karnataka with an investment of Rs 325 crore.
The total capacity of the sugar mill would be 5000 tonnes per day and will also have a co-gen facility of 34 MW capacity. The facility is expected to go on stream in the next 12-14 months. “The idea is to make the group self-sustained when it comes to power,” he said.
Already the company has wind mills which can produce 61 MW in Tamil Nadu. “With the additional 34 MW of co-gen, we can sell 25 per cent of the produced power, including from wind mills,” he said.