Dalmia Bharat Sugar Approves US$132 Million Integrated Sugar Project in Tanzania
Dalmia Bharat Sugar and Industries Limited approved the development of an integrated sugar project in Tanzania through Eagle Agrotech Tanzania Limited (EATL). The decision was made during a Board Meeting held on Tuesday, July 14, 2026.The "Project" involves establishing an integrated sugarcane plantation and a manufacturing unit along with a cogeneration facility in Tanzania. The estimated total cost for the project is US$132 million.
Investment Structure and Strategic Focus
The investment is being executed via Eagle Agrotech Holdings Limited (EAHL), which is a 51% subsidiary of Dalmia Bharat Sugar and Industries Limited. The remaining 49% equity stake in EAHL is held by Symphony Global LLC, an investment holding company associated with Mr. Mohamed Ali Rashed Alabbar, the founder and Chairman of Emaar Properties.This project marks a significant advancement in the Company's international growth strategy, aiming to diversify its geography and serve as a strategic entry point into global bio-energy markets.
Market Opportunity and Operational Scope
The venture is backed by favourable long-term market fundamentals. The East African region, specifically Tanzania, continues to experience a structural deficit in sugar production, meaning domestic demand consistently exceeds local output. This situation presents an opportunity for import substitution while also accessing neighbouring regional markets.The project encompasses the development of a dedicated integrated sugar estate covering over 10,000 hectares, with potential scope for expansion up to 20,000 hectares. The captive sugarcane plantations are designed to ensure a reliable and sustainable supply of feedstock, thereby strengthening long-term operational resilience.
Initial production capacities set by the project include:
| Facility | Initial Capacity | Expansion Potential |
|---|---|---|
| Sugar Manufacturing Capacity | Approximately 70,000 MT per annum | Expandable to 150,000 MT per annum |
| Cogeneration Facility | 20 MW | Scalable to 40 MW |
In the medium to long term, Dalmia intends to transform the integrated complex into a diversified bio-energy platform. This will be achieved by maximizing the utilization of all by-products through environmentally sustainable and commercially viable value-added initiatives.
DALMIASUG Stock Price Movement
Shares of Dalmia Bharat Sugar and Industries Limited today shed value, closing at ₹364 amid a 0.64% decline. The stock saw a traded volume of 159,107 shares in the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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