Project at a Glance
Shri Balaji Sugars & Chemicals Pvt. Ltd. (SBSCPL) is a Private Limited Company registered in the State of Karnataka under the Companies Act, 1956. on April 1, 2011
four certificate of incorporation number U15425KA2011PTC057947.
The Company is promoted by Mr. Venkatesh Patil who along with other promoters sensed the great availability of sugarcane in the region of Muddebihal
taluka and increasing demand of power & ethanol and keeping in view,the needs of the local farmer,those cultivate sugarcane in the command area.
SBSCPL had set up an integrated new sugar mill of 3500 TCD, & 18 MW capacity cogen power project for decentralized generation of exportable surplus power, mainly from renewable sources of fuel,factory located near Village Yaragal-Madari, Taluka Muddebihal,Dist.Bijapur, Karnataka.SBSCPL has undertaken 1st trial in March 2015.A dedicated project team of SBSCPL,along with appointed experts and consultants have successfully commissioned sugar & cogen power project within 16-17 months.
SBSCPL,now proposes to set up a 60 KLPD capacity distillery to produce ethanol,adjucent to the existing sugar plant located at Village Yaragal-Madari,Taluka Muddebihal,Dist.
Vijapur,Karnataka.
The proposed distillery project will produce ethanol from molasses as raw material.The steam and power requirement for the proposed plant will be made available from the new slop fired incineration boiler & back pressure turbine.
SBSCPL has already obtained IEM from The Ministry of Commerce & Industry,Govt.of India for sugar,power & ethanol
projects vide IEM NO.3706/SIA/IMO/2011 dated 15/12/2011.SBSCPL has already applied for obtaining approval from KSPCB and completed public hearing for the same.
The promoters also have acknowledged in depth,the socio-economic and environmental value addition of the captioned project to the local
populate,region,State and the Country,as well as its win-win situation to all the stakeholders involved.
Highlights of the Project
| |
Amount(Rs.Lakh) |
| Perticulars | | Sugar Project | Cogen Project | Total |
| Equity |
| | | |
| Promoter's Equity-Sugar(30.00%) | : | 3267 |
0 | 3267 |
| Promoter's Equity-Cogen(21.31%) | : | 0 |
2188 | 2188 |
| SDF Quasi Equity-Cogen(8.69%) | : | 0 |
892 | 892 |
| Total Equity(30.00%) | : | 3267 |
3080 | 6347 |
|
| Term Loan | | |
| |
| FI/Bank Loan-Sugar(70%) | : | 7623 |
0 | 7623 |
| FI/Bank Loan-Cogen(70%) | : | 0 |
7185 | 7185 |
| Total Term Loan(70%) | : | 7623 |
7185 | 14808 |
|
| Total Means of Finance | : | 10890 |
10265 | 21155 |
Project Cost:
|
(Rs.Lakh) |
| Perticulars | Distillery Plant |
| Land and Site Development |
110 |
| Buildings |
1530 |
| Indigenous Plant and Machinery |
6840 |
| Miscellaneous Fixed Assets |
80 |
| Prelim. & Preoperative Expenses |
606 |
| Contingencies |
184 |
| Working Capital Margin |
200 |
| Total |
9550 |
Means of Finance:
|
(Rs.Lakh) |
| Perticulars | Distillery Plant |
| SBSCPL Equity/Internal accruals(12.20%) |
1165 |
| SDF Quasi Equity(17.80%) |
1700 |
| Bank/F.I.Loan(70.00%) |
6685 |
| Total |
9550 |