BHSIL

completed

Bajaj Hindusthan Sugar & Industries Limited (the company) is a publicly listed company that produces and sells sugar and industrial alcohol/ethanol. BHSIL is undertaking to: - expand a brown-field sugar plant from 3,200 to 6,000 tons crushed per day (TCD);- construct three green-field sugar plants with combined capacity of 34,000 TCD; and - build a distillery of 160 kiloliters per day (the project). The project is located in the eastern Uttar Pradesh, specifically in: - Pratappur, Deoria District (brown-field); - Kunderki, Gonda District (green-field sugar plant);- Utraula, Balrampur District (green-field sugar plant); and - Rudauli, Basti District (green-field sugar plant and distillery).The nearest community habitations are 0.5 to 1.5 km from the proposed project sites, the plants are located in predominantly agricultural area and there are no environmentally sensitive areas in the vicinity the proposed plant sites and the existing plant. The proposed IFC investment includes a debt and equity package for IFC’s own account and B loan from participating banks.