"Jagatjit Industries Ltd Finalizes Loan Agreement with IREDA for Ethanol Distillery Plant"

In a strategic move, the Board of Directors at Jagatjit Industries Limited has officially approved the acquisition of a Term Loan amounting to Rs. 180,00,00,000/- (Rupees One Hundred & Eighty Crores only) from the Indian Renewable Energy Development Agency Limited (IREDA). The loan, finalized through a Facility/Loan agreement executed on November 16, 2023, is intended for the establishment of a 200 KLPD Grain-based Ethanol Distillery Plant at the company's unit in Jagatjit Nagar, Village Hamira, Distt. Kapurthala, Punjab - 144802. The primary objective of this investment is to facilitate the production of ethanol from grains, contributing to the company's expansion and sustainability initiatives.

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