Jagatjit Industries' Ethanol Plant Revolutionizes Punjab

Jagatjit Industries Ltd has announced the start of commercial production at its new grain-based ethanol plant in Punjab, projecting an annual revenue of Rs 550 crore.

Situated in Hamira, Kapurthula district, the plant boasts a capacity of 200 kilolitres per day, promising to generate substantial turnover and boost the company's EBITDA margin by an estimated 8-10 percentage points.

Expected to produce up to 70 million litres of ethanol annually for Oil Marketing Companies, this facility marks a significant step in Jagatjit's growth strategy, enhancing their revenue stream to support expansion in premium spirits and new markets, according to Promoter and Executive Director Roshini Sanah Jaiswal.

(With inputs from agencies.)