India's Uttam Sugar Mills gains as unit plans to expand capacity four-fold

About this update from Uttam Sugar Mills Limited

** 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)

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