India's Uttam Sugar Mills gains as unit plans to expand capacity four-fold

Uttam Sugar Mills

29/09/2025 09:26

** Shares of Uttam Sugar Mills UTSM.NS rise about 4% to 248.85 rupees

** Will snap six sessions of losses, if gains hold

** Co's unit to expand its distillery capacity from 40 KLPD to 160 KLPD by March 2027, with an investment of 1.1 billion rupees ($12.4 million)

** Says move aligns with India's ethanol blending policy to promote eco-friendly fuel and reduce foreign exchange outflow

** UTSM down ~4% YTD

($1 = 88.7500 Indian rupees)

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))