Distilleries major embraces sustainability efforts to adapt to changing market dynamics

In a move to tap into the changing market dynamics and prioritize sustainability, distilleries major Vishwaraj Sugar has announced the commissioning of a Bagasse Pelletizing Machine. It will convert loose bagasse into bagasse pellets. This will help the company in storing the bagasse in lesser space, reducing wastage and effectively using the bagasse in the boilers. 

By reducing wastage and maximizing resource utilization, its sustainability initiatives will make positive impact on both the environment and the bottom line.

The announcement follows its recent earnings report for the quarter and year ending March 31, 2023. Notably, the company experienced remarkable growth in revenue from operations, with a year-on-year increase of 52% for the quarter, reaching Rs 199 crores compared to Rs 130 crores in Q4FY22 and Rs 101 crores in Q3FY23. 

Incorporated in the year 1995, the firm is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the "High Recovery zones" for sugar production by Government of India. The company operates a single location sugar unit having licensed crushing capacity of 11,000 TCD.

In addition to sugar, the company also manufactures other allied products like Rectified Spirits, Extra-Neutral Spirits, Natural Alcohol Vinegar, Compost, Carbon dioxide (CO2), etc. and is also engaged in the generation of Power from Bagasse, a byproduct of sugar industry, for captive consumption as well as external sale.