Announced Tue, 14 Jul · 18:24 IST
Dalmia Bharat Sugar to set up US$132 mn sugar unit in Tanzania
Management Changes View source PDF
DALMIASUG · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹363.70
prior close
₹365.80
base price
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AI summary
Board approved a sugarcane plantation and 3500 TCD sugar manufacturing unit with 20 MW co-gen facility in Tanzania through subsidiary EATL, costing about US$132 million. Also approved additional investment of up to US$19.70 million in Eagle Agrotech Holdings (EAHL), keeping 51 percent stake. A new wholly owned subsidiary will be set up in UAE to hold foreign investments. Lokendra Singh Lamba appointed as Unit Head for Jawaharpur unit from July 15, 2026.
Likely market impact
Major overseas expansion with US$132 mn capex commitment. Diversifies beyond India sugar operations; execution, regulatory and forex risks apply.