Statesman reports on this. Following are some excerpts.

Badamba-based Balaji Sugar is all set to start its sugar refinery unit by November this year with an investment of Rs 40 crore. The company has also planned to set up an ethanol plant with a capacity of 40000 litre.

… he said that the company through a special programme would lend soft loans at six per cent interest through banks to farmers as well as fertilizers and supply seeds at subsidized rates to more than 10,000 sugarcane farmers in all command areas of Jajpur, Kendrapara, Jagatsinghpur and undivided Cuttack district.

The company has announced a special plan for the farmers named Swarna Varsha in which farmers can get fabulous prizes against the number of sugarcane trucks they supply.

The new refinery will be of 2000 TCD with 100 per cent EOU (export-oriented unit) which will be manufactured from imported raw sugar from Brazil and Malaysia and will be exported to Bangladesh, Sri Lanka and Pakistan. Besides this, the company is also installing 40,000 litres per day extra neutral alcohol to be used as base product for all the distillery units in Orissa as well as neighbouring states. They are also having the plan to manufacture ethanol keeping in mind the global warming, which is an environment-friendly substitute of petrol, which is 5–10 per cent as per government directives.

On the other hand, the company has decided to set up a 20 MW power plant using crushed cane instead of coal. The factory at Badamba was sold by the state co-operative department with zero liability as well as to select the co-operative staff as per choice and head of the company without any compulsion to recruit them in the management by Balaji Sugar.