Jagatjit Industries Limited at its board meeting held on July 22, 2022, announced approval for setting up 200 KLPD Grain based Ethanol Distillery Plant at Hamira, Distt. Kapurthala, Punjab -1 44802. New capacity: 200 KLPD.

Period within which the proposed capacity is to be added: 12 months from the date of in-principle approval from the concerned Ministry and sanction of loan. Investment required: INR 2,000 million. Mode of financing: INR 1,850 million from Banks - Project Loans and INR 150 million from internal sources.

Rationale: Enthused by the Hon'ble Prime Minister's program of achieving higher ethanol blending coupled with recently announced higher Ethanol prices, the Company has decided to set up its 200 KLPD Grain based Distillery Plant at its Hamira Unit in the State of Punjab. To produce Ethanol from Grain.