India Potash Limited to revive two defunct sugar mills in Odisha

India Potash to Revive Two Sugar Mills in Odisha.

Expert Analysis :

• Approval Secured: Indian Potash Limited (IPL) received in-principle approval from the Odisha government to revive two defunct sugar mills.

• Mills Identified: The targeted units are Bijayananda Cooperative Sugar Mills Ltd in Balangir and Badamba Cooperative Sugar Industries Ltd in Cuttack.

• Government Approval & Next Steps: The Odisha government approved IPL’s proposal to revive two sugar mills and requested a detailed project report (DPR) for further action; IPL is India’s largest potash importer and distributor.

• Roadmap Sharing Requirement: IPL has been directed to inform the Cooperation Department about the roadmap it followed to revive cooperative sugar industries in Gujarat.

• Land and Cultivation Demand: IPL has sought 40–50 acres of land for setting up sugar and allied units and proposed sugarcane cultivation on a minimum of 15,000 hectares.

• Proposal Clearance Status: Although land handover is undecided, the Odisha government has cleared IPL’s proposal to revive both sugar mills.

• Cultivation Plan for Balangir Plant: A minimum of 6,000 hectares is required for the Balangir plant, and the government plans to expand sugarcane cultivation from the next financial year.