Dhampur Sugar Mills on Friday said its board has approved plans to raise up to Rs 200 crore capital.
"The board of directors of the company... has considered and approved... raising of capital up to Rs 200 crore under applicable provisions of Sections 42 and 62 of the Companies Act, 2013, Sebi (ICDR) Regulations, 2009, and subject to approval of shareholders and other competent authorities as may be required," Dhampur Sugar Mills said in a BSE filing.
The company did not specify end use of funds it plans to raise.
It is one of the leading integrated sugarcane processing companies in India.
Other than sugar, the company has expanded its portfolio to renewable power, fuel ethanol, alcohol, extra neutral alcohol, alcohol-based chemicals, and bio-fertilisers.
