Indian Potash Limited – Signs ₹360 Crore Pact with Odisha Government for Sugar Mill Revival

Expert Analysis:

• Indian Potash Limited has signed a Memorandum of Understanding (MoU) with the Government of Odisha to revive and modernise the Badamba Cooperative Sugar Mill in Cuttack district, with an estimated investment of ₹360 crore.

• The sugar mill, which has been closed for more than 15 years, is expected to resume operations within one year after modernisation and expansion. The revived facility will have a crushing capacity of 3,500 tonnes of cane per day (TCD).

• The project will include additional infrastructure such as a 16 MW cogeneration power plant, a 10-tonne-per-day Bio-CNG plant, and a modern cold storage facility, enhancing value-added agro-processing capabilities.

• The Odisha government will provide 112 acres of land on a long-term lease for the project. The revival is expected to benefit around 10,000 farmers in the Badamba block by boosting sugarcane cultivation and generating rural employment.