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Magadh Sugar & Energy Ltd Company Summary

₹759.75
(0.51%)
Jul 3, 2024|12:00:00 AM

Magadh Sugar & Energy Ltd Summary

Magadh Sugar & Energy Limited (MSEL), a part of K K Birla Group of Sugar Companies was incorporated in March 19, 2015. The Company has operations in India and is primarily engaged in manufacture and sale of sugar and by-products, like molasses, bagasse and press-mud, denatured spirits including ethanol and power. The Company has 3 sugar mills with a combined crushing capacity of 17,500 TCD (tons of cane per day), 1 distillery at Narkatiaganj with a total capacity of 60 KLPD and a co-generation facility generating 38 MW power. Magadh is in process of setting up of 75 KLPD (kilo litre per day) distillery at its Unit at Bharat Sugar Mills, Sidhwalia Bihar.During the year 2021, the Company had applied for voluntary delisting of equity shares of the Company pursuant to the Securities and Exchange Boar(Delisting of Equity Shares) Regulations 2009. The same was approved and the equity shares of the Company were delisted on Calcutta Stock Exchange (CSE) w.e.f February 12, 2021.

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