The Company already has Maize Processing Division at Himatnagar in Gujarat where it has upgraded the capacity to crush 500 tones of Maize per day. Presently the company is manufacturing Maize Starch, Liquid glucose, Dextrose Monohydrate, Malto Dextrin, Sorbitol, High Maltose Syrup, Gluten, all of premium quality.

The company has always been facing shortage of production capacity and since last 4 years with the continuous upgradation, the company has upgraded the capacity from 125 tons of Maize Crushing per day to 500 tons of Maize Crushing per day.
Under the present expansion plans, the company proposes to increase the capacity from 500 tons per day to 700 tons per days at the above site and simultaneously adding manufacturing facilities to produce high end products.

The cost of this expansion is expected at Rs. 20 Crores.

Simultaneously the company proposes to set up a green field project for crushing of Maize at Maharashtra. Presently the company had identified Aurangabad & Bhusaval in Maharashtra as the alternatives for the proposed Site for the above project. The new project envisages to produce Ethanol / ENA along with the existing range of products.

ETHANOL

World wide there has been continuous pressure on Crude Oil. The price of Crude Oil has shot up by almost 100% in the last 18 months. India has identified the need to be self sufficient for its requirements for its requirement of fuel and therefore it is all the more necessary that the project of bio-fuel alternate fuel gets prominence.

Ethanol has been an accepted fuel for all the refineries and is presently allowed to be used in the motor spirit to the extent of 5%, which is being raised to 10% in order to arrest over dependence on imports and also rising prices.

The company is in the business of processing maize since last more than 11 years and one of the major sources of the ethanol is maize. Incidentally ethanol from maize is also cheaper than ethanol produced out of sugarcane processing.

The company has decided to set up a 100 TPD ethanol project and the company is actively negotiating with the machinery suppliers for early setting up of the plant.

ENA (Extra Neutral Alcohol):

Simultaneously the company is contemplating to set up facility for manufacturing of ENA. This facility will be in alternate and also additional to the manufacturing of ethanol so as to enable the company to have a choice to manufacturing Ethanol or ENA.Thus, the company would be able to produce 100 Tons ENA per day or in alternate 100 tons of Ethanol per day through this additional project.

With this project, the company would be the highest capacity Maize Processor in India with the widest range of product and the pioneer for manufacture of Ethanol & ENA from Maize.

This Greenfield project is expected to cost Rs. 96 Crores.