MVK Agro Food Product Ltd Launches Rs. 275 Crore Expansion Project
MVK Agro Food Product Ltd is executing a Rs. 275 crore project to diversify into sugar, ethanol, and biogas sectors. This expansion is expected to enhance revenue, with a projected annual income of Rs. 650-700 crore by FY28.
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MVK Agro Food Product Ltd is undertaking a Rs. 275 crore expansion, designated as a 'Mega Project' by the Government of Maharashtra, aimed at integrating sugar production with ethanol and compressed biogas (CBG) initiatives. The project includes a 120 KLPD ethanol distillery and a 2.5 MW cogeneration power plant, with commercial operations for ethanol and CBG expected to start in January 2027.
Revenue projections indicate Rs. 350 crore for FY27, with an increase to Rs. 650-700 crore by FY28, supported by new facilities. The company also plans to diversify into soybean processing and increase exports to 10-15% by 2030. Supportive government policies are likely to enhance long-term growth prospects.
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