| Sugar | Sugar manufacturing and refining from sugarcane with integrated cane development initiatives. | Established supplier network, large crushing capacity, and integration with distillery and power units. | B2B and B2C sugar buyers including wholesalers and government agencies. | Refined sugar production and optimized cane sourcing practices. | 1666 | 58 | Sales of sugar to domestic and export markets; pricing linked to agricultural output and market demand. | Market-driven sales with seasonal cyclicality; bulk sales and export contracts. | Increased crushing capacity, improved sugar realizations, and expanded export opportunities. | Baghauli Sugar, Jawaharpur, Nigohi, Ninaidevi Units |
| Power | Electricity generation primarily through bagasse-based cogeneration units supplying power to local grids. | Renewable fuel source, strategic PPAs and operational scale in sugarcane-rich regions. | Grid operators, state utilities, and captive consumption for sugar units. | Bagasse cogeneration units with long-term PPAs. | 112 | 4 | Power purchase agreements and sale of generated electricity; revenue supplemented by captive power use. | Contractual PPAs ensuring stable revenue; based on generated units of electricity sold. | Increased power generation capacity and better operational efficiencies in cogeneration plants. | Co-Generation Plants at Jawaharpur, Nigohi, Baghauli |
| Distillery | Industrial alcohol production including ethanol for fuel blending and potable segments. | Large ethanol capacity and integration with sugar operations for raw material sourcing. | Petroleum companies, industrial users, and government biofuel mandates. | Grain-based ethanol distilleries with higher margins. | 1093 | 38 | Sales through ethanol supply contracts, distillery by-products sales, and government biofuel subsidies. | Contractual supply with government regulated ethanol prices and subsidies. | Capacity expansions, favorable biofuel policies, and increased ethanol blending mandates. | Grain and molasses-based distilleries at Jawaharpur, Ramgarh, Nigohi, Kolhapur |
| Others | Manufacturing refractory products for industrial use; non-core segments. | Established industrial clientele and niche product expertise. | Industrial clients and corporate travel customers. | Refractory products. | 27 | 1 | Product sales and service fees for travel operations. | Sales contracts and service agreements. | Industrial demand for refractory products and expansion of corporate travel services. | Refractory products and travel services (Govan Travels) |
