Coimbatore-based textile company KPR Mill will commission a sugar unit in Karnataka next month.
KPR Mill has textile spinning mills and fabric processing and garment units in Tamil Nadu. It exported almost 45 per cent of the yarn and 100 per cent of the garments it produced. The focus of the sugar unit, however, would be on the domestic market.
Rs.300 cr investment
C.R. Anandakrishnan, its Executive Director, told The Hindu on Thursday that the sugar mill would be a fully-owned subsidiary of KPR Mill. The company had invested Rs. 300 crore, excluding the land cost, in the sugar mill that would have 5,000 tonnes of cane crushing capacity a day.
The unit would also have a 30-MW co-generation facility. Nearly eight MW would be for captive use of the sugar plant, which would be commissioned on October 3 in Bijapur district.
KPR Mill had 3.5 lakh spindles, in-house garment manufacturing capacity for one lakh pieces a day, and fabric processing capacity of 23 tonnes a day.
The company already had 62 MW installed wind energy capacity.