Indian Potash Unlisted Shares
India Potash Limited to revive two defunct sugar mills in Odisha
The New Indian Express
2 min read
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.
India Potash Limited received Odisha government approval to revive two defunct sugar mills, proposing 15,000 hectares of sugarcane cultivation and seeking 40–50 acres for integrated operations.
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