Dollex Industries Ltd has informed that the Company has entered into a Memorandum of Understanding (MOU) with the Madhya Pradesh Government to establish an Integrated Agro-Energy Complex consisting of Ethanol, Power and Sugar with an estimated investment of Rs 105 crores. This will be the Companys 3 major undertaking in the past 12 months, after acquiring Godavari Manar Sugars & Kalamber SSK from the Government of Maharashtra (GoM).
The Government of Madhya Pradesh (GoMP) represented by Directorate of Farmer Welfare and Agriculture Development, will enable the Company, to implement the projects. GoMPs representative agency will also help the Company to obtain necessary permission / registrations from the concerned departments of the state and Central Government and would also provide incentives under various schemes announced by the State / Central Government wherever applicable.
Monday, October 8, 2007
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