| Sugar | Manufactures raw, refined, white, packaged, and pharma-grade sugar; supplies to food and pharmaceutical sectors. | Established manufacturing base, forward integration, and strong distribution network. | B2B and B2C clients including industrial users and retail consumers. | Pharma-grade and packaged sugar have higher margins. | 1727 | 58 | Sales of bulk and packaged sugar to wholesale and retail customers; institutional supplies increasing. | Commodity pricing with forward contracts and spot sales. | Increasing demand for premium and pharma-grade sugar; value-added product launch. | |
| Bio Fuels & Spirits | Ethanol production from molasses and grain; country liquor production; industrial spirits. | Integrated distillery capacity and diversified feedstock options including dual-feed ethanol plant. | B2B customers including fuel and industrial users; B2C for country liquor. | Country liquor segment with steady demand and premiumization potential. | 343 | 12 | Sales of ethanol, ENA, and country liquor through distribution and contracts. | Volume-based sales with government levies and pricing controls on ethanol. | Government mandates on ethanol blending, rising consumption of country liquor, capacity expansion. | |
