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.
