Dollex Industries Receives Quota From Sugar Directorate, Commences Sale

Dollex Industries Ltd has informed that the Company has commenced the sale of sugar at its recently acquired Godavari Manar Sugar Factory at Nanded after receiving its Free Sale Quota from the Sugar Directorate. The Company estimates that it will get a better rate on its sugar due to its locational advantage and quality.Commercial production began at Nanded in December 2006 and as of January 2007 has reached full crushing capacity. Molasses produced at Nanded will be transported to the Companys Karnataka distillery for the production of Ethanol, creating further value addition. The logistics between Nanded and Karnataka were planned and worked out well in-advance during the month of November and hence there will be no delay in the production of Ethanol using the raw material from Nanded.Earlier, the Company used to procure raw material for the production of Ethanol from external sugar manufacturers, however with the production having commenced at Nanded, the Company will have a huge pricing edge as well as double its overall Ethanol production.