Indian Potash Unlisted Shares
Indian Potash Limited – Signs ₹360 Crore Pact with Odisha Government for Sugar Mill Revival
Business World
2 min read
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.
Key Takeaway:
The ₹360 crore revival of the Badamba Sugar Mill positions Indian Potash Limited to expand its agro-industrial footprint while stimulating regional agriculture and rural employment, with the project expected to support 3,500 TCD processing capacity and benefit about 10,000 farmers.
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