Dhampur Sugar Mills shares come within Rs 5 of 52-week high after sugar maker expands distillery capacity

Dhampur Sugar Mills share price NSE: Dhampur Sugar Mills (DHAMPURSUG) shares were in high demand on Wednesday, after the sugar manufacturer said it had completed the expansion of its grain-based distillery capacity at its Dhampur unit in Bijnor district, Uttar Pradesh. The stock, traded on the bourses with the symbol DHAMPURSUG, gained by as much as Rs 8.8 or 3.3 per cent to Rs 277.5 apiece on BSE, coming within RS 5 of a 52-week high touched on June 12. The new capacity, of 100 KLPD, was commissioned on June 13, 2023, according to a company statement.

"The Company has completed expansion of its grain-based distillery capacity of 100 KLPD at its unit located at Dhampur, Distt. Bijnor, Uttar Pradesh. The new capacity has been commissioned on 13th June, 2023." the company's filing said.

"This enhanced capacity will be interchangeable between molasses, syrup and grain. This will facilitate better utilization of distillery capacity," the company's filing said. Dhampur Sugar Mills shares finished up 1.62 per cent at Rs 272.8 apiece on NSE.

Dhampur Sugar Mills history 

Dhampur Sugar's stock has given a positive return of over 10 per cent in the last 12 months (from June 14, 2022). In comparison, the headline index Nifty 50 has rallied nearly 19 per cent.

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