** Shares of Uttam Sugar Mills NSE:UTTAMSUGAR rise about 4% to 248.85 rupees
** Will snap six sessions of losses, if gains hold
** Co's unit to expand its distillery capacity from 40 KLPD to 160 KLPD by March 2027, with an investment of 1.1 billion rupees ($12.4 million)
** Says move aligns with India's ethanol blending policy to promote eco-friendly fuel and reduce foreign exchange outflow
** UTSM down ~4% YTD
($1 = 88.7500 Indian rupees)