“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.”