According to media reports, fifteen companies, including Gammon, Power Trading Corporation or PTC, and Triveni Engineering have evinced interest in setting up cogeneration power plants in the nine loss-making co-operative sugar mills in Punjab. These mills are situated Ajnala, Batala, Bhogpur, Fazilka, Gurdaspur, Morinda, Nawanshahar, Ludhiana and Nakodar and their accumulated losses were around Rs.502 crores
Cheema Boilers, Spary Engineering, Indo-Green Field, Sariya industries are the other runners for this project, a senior official of Punjab State Federation of Cooperative Sugar Mills Ltd., or Sugarfed, reportedly said.
Punjab had mooted a modernization-cum-revival plan of nine sugar mills on build-own-operate-and-transfer basis at an investment of Rs.865 crores. .
Sugarfed is planning to lease the mills to successful bidders for a period of fifteen years, the official added.
Currently, the sugar production of these nine mills varies between 1,000 tonnes and 2,500 tonnes crushing per day per unit (TCD) and the viability of these units cannot be obtained until capacity is increased to 5,000 TCD.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.