Jagatjit Industries eyes Rs 550 cr annual revenue from new grain-based ethanol plant in Punjab

Jagatjit Industries Ltd on Monday said it has commenced commercial production of its grain-based ethanol plant in Punjab and is expecting an annual revenue of Rs 550 crore from the plant.

The capacity of this plant, located at Hamira in Kapurthula district of Punjab, is 200 kilolitres per day.

“Running at full capacity, the facility is expected to generate up to Rs 550 crore in annual turnover and widen the Group’s EBITDA margin by approximately 8-10 percentage points,” the company said in a statement.

This article has been republished from The PTI.