SBEC Sugar Limited has announced a significant partnership with SBEC Systems (India) Limited through a Technical and Services Agreement dated March 1, 2025. This agreement is aimed at engineering and consultancy services for the design, expansion, and modernization of sugar plants and the integration of co-generation facilities.
Agreement Details:
- Parties Involved: SBEC Sugar Limited & SBEC Systems (India) Limited
- Purpose: Engineering and consultancy for sugar plant design, modernization, and co-generation integration.
- Agreement Duration: Seven years (Effective from March 1, 2025).
- Consultancy Charges: 0.5% per annum of the total turnover of sugar, molasses, bagasse, and related products.
- Payment Terms: Monthly payments post withholding tax, within 10 days of invoice generation.
Shareholding & Related Party Disclosure:
- SBEC Systems (India) Limited holds 29.86% equity in SBEC Sugar Limited.
- The agreement falls under related party transactions but is executed at arm’s length.
This long-term partnership aims to enhance operational efficiency and drive sustainable growth for SBEC Sugar Limited by leveraging expert consultancy and advanced engineering solutions.
Disclaimer:
The information provided is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
