Bhubaneswar : Davangere Sugar Company Limited (BSE: 543267, NSE: DAVANGERE), a company expanding its product portfolio beyond Sugar into Sustainable Power and Ethanol Solutions, in its board meeting held on January 18th, 2025, has approved the unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2024.
To maximize ethanol production, the Davangere Sugar Company Ltd. aims to procure larger quantities of maize from various regions across the country. Government policy currently encourages Ethanol production from maize, and the Central Government is in the process of establishing a National Coordinating Agency (NAFED) to procure maize from farmers and supply it to sugar factories for ethanol production. This initiative will benefit our factory and others by ensuring a sufficient supply of maize for continuous, year-round operations.
Additionally, the company is strategically partnering with surrounding village farmers by providing sugarcane seeds and other inputs at subsidized rates to help them receive higher sugarcane yields and enhance their commercial benefits. Company has initiated the process of providing plantation subsidies to further support the farmers. Company is targeting to achieve about 15000 acres of sugarcane cultivation for the forthcoming season.
