Strategic Initiative Overview

Dalmia Bharat Sugar and Industries Limited has approved the development of an integrated sugar project in Tanzania through Eagle Agrotech Tanzania Limited (EATL), a wholly owned subsidiary of Eagle Agrotech Holdings Limited (EAHL).

Ownership Structure

EAHL is a 51% subsidiary of Dalmia Bharat Sugar, with Symphony Global LLC (an investment holding company of H.E. Mr. Mohamed Ali Rashed Alabbar, the founder and Chairman of Emaar Properties, a publicly listed entity in UAE) holding the remaining 49% equity stake.

Project Details and Financial Commitment

The project comprises:

  • Development of sugarcane plantation
  • Establishment of a sugar manufacturing unit
  • Cogeneration facility
  • Estimated project cost: US$132 million

Strategic Rationale

The project represents a significant milestone in the Company's international growth strategy, advancing its geographical diversification objectives and serving as a strategic platform for entering global bio-energy markets.

Market Fundamentals

The investment is underpinned by favourable long-term market fundamentals:

  • Tanzania and broader East African region experience structural deficit in sugar production
  • Domestic demand consistently exceeds local production
  • Opportunity for import substitution
  • Access to neighbouring regional markets

Project Scale and Expansion Potential

The project envisages:

  • Development of integrated sugar estate over 10,000 hectares
  • Potential expansion to 20,000 hectares
  • Captive sugarcane plantations to ensure reliable and sustainable feedstock supply
  • Strengthened long-term operational resilience

Production Capacity

Initial phase includes:

  • Sugar manufacturing capacity: approximately 70,000 MT per annum
  • Expandable to: 150,000 MT per annum
  • Cogeneration facility: 20 MW
  • Scalable to: 40 MW

Long-term Vision

Over the medium to long term, the Company intends to progressively transform the integrated complex into a diversified bio-energy platform by maximizing utilization of all by-products through commercially viable and environmentally sustainable value-added initiatives.

Company Contacts

Media Contact: Rachna Goria, Email: sec.corp@dalmiasugar.com

Disclaimer Note

The document contains forward-looking statements subject to risks and uncertainties including Government actions, local political or economic developments, technological risks, and other factors that could cause actual results to differ materially from contemplated outcomes.