KN Agri Resources Ltd expands strategically by acquiring majority stake in a sugar and ethanol Unit
KN Agri Resources Limited has approved an acquisition plan to take a majority stake in a large sugar and ethanol facility with a daily processing capacity of 3,000 metric tons of sugarcane and 300 kiloliters of ethanol production. This expansion, supported by a joint venture with an experienced sugar manufacturer, aims to close within 90 days. With an established network in oilseed processing, edible oils, animal feed, and ethanol production, the acquisition strengthens KN Agri’s position in India’s ethanol market, supporting the government’s blending initiatives and expanding its production capabilities.
The Board of Directors of KN Agri Resources Limited approved a proposal for expansion during their meeting on October 28, which involves acquiring a majority stake in a sugar and ethanol unit.
KN Agri Resources Limited announced that it has entered into a significant agreement to acquire a majority stake in a large facility dedicated to sugarcane processing and ethanol production. This facility has a processing capacity of 3,000 metric tons of sugarcane per day and can produce 300 kiloliters of ethanol from cane juice and grains. The acquisition, which is a joint venture with a seasoned partner in sugar manufacturing, is expected to achieve financial closure within 90 days, pending due diligence by a top law firm.
As one of India’s leading oilseed processors, KN Agri Resources operates across the entire farm-to-consumer food chain. Its infrastructure includes three agri-processing plants, two refineries, two lecithin plants, and a roller flour mill located in Madhya Pradesh. The company specializes in edible oils, animal feed, and soy-based value-added products. With over three decades of industry experience, KN Agri Resources serves major players such as Adani Wilmar, ITC, Cargill, and Bunge.
Additionally, the company holds a 26% stake in a molasses-based ethanol unit in Nashik, which produces 120 kiloliters of ethanol daily. This strategic investment positions KN Agri Resources as a supplier to Oil Marketing Companies involved in the government’s ethanol blending program.
KN Agri Resources also maintains a retail presence through its Khanpan and Classic brands, reaching a diverse customer base across Madhya Pradesh, Chhattisgarh, and Odisha through 125 dedicated dealers.
