"Jagatjit Industries Secures ₹180 Crore Term Loan from IREDA for Ethanol Plant"

Jagatjit Industries Limited (JIL) has achieved a significant milestone with the approval of a ₹180 crore term loan from the Indian Renewable Energy Development Agency (IREDA). This financial infusion will be directed toward the establishment of a state-of-the-art 200 KLPD grain-based ethanol distillery plant. The ambitious project will be spread across an extensive 25-acre expanse located in Hamira, Punjab.

This development signals a notable step forward in JIL's efforts to expand and enhance its presence in the renewable energy sector, aligning with the broader goal of promoting sustainable and environmentally friendly energy solutions. The infusion of capital from IREDA underscores the government's support for initiatives that contribute to the growth of the renewable energy industry in India.

The ethanol distillery plant project in Hamira is poised to significantly bolster the region's capacity for ethanol production and will play a pivotal role in reducing the carbon footprint associated with traditional fuel sources. JIL's strategic investment in this cutting-edge facility not only positions the company as a key player in the renewable energy landscape but also supports the government's mission to reduce the nation's reliance on fossil fuels.

With this financial backing from IREDA, JIL is well on its way to achieving its vision of a sustainable, eco-friendly future, harnessing the potential of renewable energy sources and driving economic growth in the region. This move is expected to make a significant contribution to India's transition towards a more sustainable and environmentally responsible energy landscape.

HBL