Dalmia Bharat Sugar approves $132M sugar project in Tanzania
DALMIASUG · price
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Dalmia Bharat Sugar's board approved a US$132 million integrated sugar project in Tanzania through its subsidiary Eagle Agrotech Tanzania. The project spans 10,000 hectares (expandable to 20,000), with initial sugar capacity of 70,000 MT per annum (expandable to 150,000 MT) and a 20 MW cogeneration facility (scalable to 40 MW). The company holds 51% in the holding entity, with Symphony Global LLC (linked to Emaar Properties chairman Mohamed Ali Alabbar) holding 49%. Aimed at addressing East Africa's sugar deficit and entering bio-energy markets.
Significant capex commitment and international expansion. Could boost long-term revenue, but execution, regulatory and currency risks remain.