“With a view to maintain the growth momentum both in respect of revenue and profit , it is absolutely essential to very actively consider expansion of activities and also explore diversification options.
In the backdrop of above objective, IPL had in the year 2010 acquired/ purchased five very old sugar factories from U.P. Government through Open / Transparent Tender Process with the overall capacity of app. 9700 TCD. IPL had since revived all the facilities by changing the obsolete technology / equipments and has made these to work at optimal levels. As IPL envisages a bright future for sugar industry and also replacement cost for setting up a green field sugar project on a higher side and on a referral from market, It has since acquired Titawi Sugar Complex, a unit at State of UP on a going concern basis as a slump sale. Moreover, TSC has an impressive cane area where extensive work has been done to develop better quality of sugar cane with higher yield and improved recoveries.”
INDIAN POTASH LIMITED (IPL) MANAGING DIRECTOR SIGNING MOU WITH ISRAEL CHEMICALS LIMITED (ICL) FOR SUPPLY OF MURIATE OF POTASH (MOP) FOR FIVE YEARS – 2022-2027 IN THE PRESENCE OF DR. MANSUKH MANDAVIA, UNION MINISTER OF CHEMICALS AND FERTILIZERS.