Indian Potash Revives Badamba Sugar Mill

Indian Potash Limited (IPL) has signed a Memorandum of Understanding with the Government of India===Odisha to modernize and expand the Badamba Cooperative Sugar Mill with an estimated investment of Rs 360 crore. The mill, which has been non-operational for over 15 years, is expected to commence operations within one year with a capacity of 3,500 tonnes cane per day. The project includes a 16 MW cogeneration power plant, a 10-tonne-per-day Bio-CNG plant, and a cold storage facility. This initiative, formalized in the presence of Union Home and Cooperation Minister Amit Shah, aims to benefit approximately 10,000 farmers in the Badamba Block of Cuttack district by reviving sugarcane cultivation, enhancing farmer income, and generating employment. Indian Potash Limited, with a track record of successfully reviving other sugar mills, engaged National Federation of Cooperative Sugar Factories Limited and State Bank of India===State Bank of India for feasibility studies. The Government of India===Odisha will provide 112 acres of land on a long-term lease to Indian Potash Limited for the project.