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Time of India
4 days ago
- Business
- Time of India
Jagatjit Industries eyes ₹550 crore annual revenue from new grain-based ethanol plant in Punjab
Jagatjit Industries Ltd on Monday said it has commenced commercial production of its grain-based ethanol plant in Punjab and is expecting an annual revenue of ₹550 crore from the plant. The capacity of this plant, located at Hamira in Kapurthula district of Punjab, is 200 kilolitres per day. "Running at full capacity, the facility is expected to generate up to ₹550 crore in annual turnover and widen the Group's EBITDA margin by approximately 8-10 percentage points," the company said in a statement. In its first, partial year of operation, the plant should add about Rs 300 crore to EBITDA (earnings before interest, taxes, depreciation and amortisation). At full capacity, it could supply up to 65-70 million litres of ethanol per year to Oil Marketing Companies (OMCs). "With a Rs 550 crore annual topline opportunity and an 8-10 per cent margin lift, it brings stable, high-quality revenue that strengthens our balance sheet and funds our next phase of growth across premium spirits and new markets," Roshini Sanah Jaiswal, Promoter & Executive Director of Jagatjit Industries, said. Founded in 1944, Jagatjit Industries Limited (JIL) manufactures Indian Made Foreign Liquor (IMFL) and Country Liquor (CL) in the country. The company is listed on the BSE. The company has plants in Punjab along with other manufacturing units in Behror, Rajasthan.
Time of India
4 days ago
- Business
- Time of India
Jagatjit Industries eyes Rs 550 crore annual revenue from new grain-based ethanol plant in Punjab
Jagatjit Industries Ltd on Monday said it has commenced commercial production of its grain-based ethanol plant in Punjab and is expecting an annual revenue of Rs 550 crore from the plant. The capacity of this plant, located at Hamira in Kapurthula district of Punjab, is 200 kilolitres per day. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science MBA Product Management Project Management CXO Leadership Data Analytics Healthcare Degree others Operations Management Finance healthcare Others PGDM Technology Public Policy Digital Marketing Data Science MCA Cybersecurity Design Thinking Management Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details "Running at full capacity, the facility is expected to generate up to Rs 550 crore in annual turnover and widen the Group's EBITDA margin by approximately 8-10 percentage points," the company said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Boumerdes - Watch What Happens Happy in Shape Undo In its first, partial year of operation, the plant should add about Rs 300 crore to EBITDA (earnings before interest, taxes, depreciation and amortisation). At full capacity, it could supply up to 65-70 million litres of ethanol per year to Oil Marketing Companies (OMCs). Live Events "With a Rs 550 crore annual topline opportunity and an 8-10 per cent margin lift, it brings stable, high-quality revenue that strengthens our balance sheet and funds our next phase of growth across premium spirits and new markets," Roshini Sanah Jaiswal, Promoter & Executive Director of Jagatjit Industries, said. Founded in 1944, Jagatjit Industries Limited (JIL) manufactures Indian Made Foreign Liquor (IMFL) and Country Liquor (CL) in the country. The company is listed on the BSE. The company has plants in Punjab along with other manufacturing units in Behror, Rajasthan.
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Business Standard
26-06-2025
- Business
- Business Standard
This smallcap stock zooms 105% from April low, hits new high; here's why
India Glycols share price Share price of India Glycols hit a new high of ₹2,057, gaining 2 per cent on the BSE in Thursday's intra-day trade. The stock price of the breweries & distilleries company has more-than-doubled or zoomed 105 per cent from its three-month low of ₹1,005 touched on April 7, 2025. In the past one week, India Glycols has appreciated by 14 per cent, as compared to a 2.4 per cent rise in the BSE Sensex. What's driving stock price of India Glycols The board of directors of India Glycols at its meeting held on May 30, 2025 approved the sub-division/split of the 1 equity share having face value of ₹10 each, into 2 equity shares, having face value of ₹5 each. India Glycols said the rationale behind the split is to enhance the liquidity of company's equity shares in the capital market and to encourage wider participation of investors by making equity shares of the company more affordable. Meanwhile, for the March 2025 quarter (Q4FY25), India Glycols reported strong operational performance with earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 35.1 per cent to ₹148 crore from ₹109 crore in Q4FY24. Margins reported a healthy improvement of 532 bps to 17.1 per cent from 11.7 per cent in a year ago quarter. JV reported a strong performance for the full year, with Net Revenue grew by 13 per cent and EBITDA up 70 per cent as compared to FY24, primarily supported by reduced Ethylene Oxide (EO) price gap and product-mix improvement. The company saw strong growth in Country Liquor (CL) and Indian Made Foreign Liquor (IMFL), focusing on premiumisation and penetration into newer markets, supported by partnership with Amrut. Meanwhile, the company said it has been allocated quantities through tender(s) participation for supply of 180.6 million liters of Ethanol with an estimated value aggregating to ₹1,264 crore under Ethanol Blended Petrol Programme (EBPP) for Ethanol Supply Year 1-November-2024 till 31-October-2025. In another development, India Glycols has received the Establishment Inspection Report (EIR) with no observation from US Food and Drug Administration (USFDA) on April 25, 2025 for the company's nutraceutical products and dietary supplements ingredients at Dehradun Plant. The company said the receipt of EIR underscores its commitment to adhering to global quality standards and paves the way for access to the premium the US market, along with other highly regulated global markets. About India Glycols India Glycols is one of the leading manufacturers of Bio-based Specialties & Performance Chemicals (BSPC), Biofuel, Potable Spirits (PS) and Ennature Biopharma (EB). It is the first company in the world to produce Ethylene Oxide (EO) / Mono Ethylene Glycol (MEG) from renewable Agro routes based on molasses since 1989. The company has a diversified portfolio with exposure in Bio-based Specialties, Bio-Polymers, Plant based APIs & Nutraceuticals, Potable Spirits, Gases, Biofuels, and others. The company has a global presence and partners in various countries, with a rich legacy of over three decades in innovation and sustainability.
