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Spray Engineering Devices Ltd to Invest Rs.250 crore in Punjab For Sugar Mills
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Chandigarh (Mera Chandigarh):-Spray Engineering Devices Ltd (SEDL), maker of sugar manufacturing equipment, will invest Rs.250 crore to set up sugar mills and upgrading existing units in Punjab.
We are aware of the urgent needs of the industry in this region and we are sure that there is a huge potential in the sugar market here. We have already invested Rs.30 crore (Rs.300 million) in Punjab, and we plan to invest a further Rs.250 crore here over the next three years,” Sanjay Gupta, SEDL’s finance director, told reporters.
SEDL opened its research and development office in Mohali district in Punjab.
It already has branches at Noida in Uttar Pradesh, Panchkula in Haryana, Chennai, Pune, Secunderabad and Chandigarh.
According to Gupta, SEDL is also looking at production of bio-fuel, ethanol, from sugarcane.
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