MSPIL Mahakaushal Sugar and Power Industries Ltd
Investor Relations
Aerial view of the plant at Bachai, Narsinghpur, with cane and maize fields alongside it.

An integrated bio-hub Heart of Madhya Pradesh · Since 2005

From one field, four products.

Sugar, ethanol, power and gas — and the manure that grows next year’s crop.

How the loop works Investor relations

  • 8,000 TCD

    Sugar mill

  • 300 KLPD

    Grain distillery

  • 36 MW

    Bagasse cogeneration

  • 15 TPD

    CBG — under development

The flight

Aerial view of the plant and its command area at Bachai, Narsinghpur.

Aerial · Bachai · 03 Oct 2025

  1. 01 Approach: the command area
  2. 02 The plant
  3. 03 Energy out

01 / 03

THE INTEGRATED BIO-HUB

Nothing leaves our gate as waste.

At Bachai, in Narsinghpur district of Madhya Pradesh, we operate a sugar mill, a grain distillery and a bagasse-fired power plant on a single site — and we are now building a Compressed Biogas plant alongside them. They are not four businesses that happen to share an address. Each one runs on what the one before it leaves behind. Cane becomes sugar. The fibre left after crushing becomes the power and steam that run the entire complex. The filter cake pressed out during juice clarification becomes vehicle-grade fuel. What comes out of the biogas digester goes back to the fields it came from, as organic manure, to grow next season’s crop. The loop closes on the same farms, with the same farmers, moved by the same trucks.

Six stages

  1. 01 Cane in
  2. 02 Sugar
  3. 03 Power from our own fibre
  4. 04 Ethanol
  5. 05 Compressed Biogas under development
  6. 06 And back to the field
How we make it
The integrated bio-hub at Bachai: farm, sugar mill, cogeneration, distillery and CBG plant on one closed loop, with fermented organic manure returning to the farm. The integrated bio-hub A CIRCULAR ECONOMY BY DESIGN 01 FARM Farmers across our command area deliver cane to the mill. 02 SUGAR MILL 8,000 TCD Cane is crushed and the juice clarified into sugar. 03 COGENERATION 36 MW Bagasse fired to raise steam and generate electricity. 04 DISTILLERY 300 KLPD Maize becomes fuel-grade ethanol for India’s blending programme. 05 CBG PLANT 15 TPD UNDER DEVELOPMENT Press mud digested and upgraded to over 96% methane. CANE BAGASSE POWER & STEAM to the mill and the distillery PRESS MUD to the CBG plant OFF-SEASON cane trash & maize stover 06BACK TO THE FARM — FOM (fermented organic manure) returns to the farms that supplied the feedstock. BACHAI · NARSINGHPUR · MADHYA PRADESH MARKET OUTPUTS SUGAR to market GRID SURPLUS ~10 MW exported to the state grid ETHANOL to oil marketing companies DDGS cattle feed CBG to market UNDER DEVELOPMENT The integrated bio-hub at Bachai, as a vertical loop: farm, sugar mill, cogeneration, distillery and CBG plant, with fermented organic manure returning to the farm. The integrated bio-hub A CIRCULAR ECONOMY BY DESIGN BACK TO THE FARM — FOM · FERMENTED ORGANIC MANURE CANE BAGASSE POWER & STEAM PRESS MUD 01 FARM Farmers across our command area deliver cane to the mill. 02 SUGAR MILL 8,000 TCD Cane is crushed and the juice clarified into sugar. → SUGAR to market 03 COGENERATION 36 MW Bagasse fired to raise steam and generate electricity. → GRID SURPLUS ~10 MW to the state grid 04 DISTILLERY 300 KLPD Maize becomes fuel-grade ethanol for India’s blending programme. → ETHANOL to oil marketing companies → DDGS cattle feed 05 CBG PLANT 15 TPD UNDER DEVELOPMENT Press mud digested and upgraded to over 96% methane. → CBG to market
  1. 01 — Cane in. Farmers across our command area deliver cane to the mill.
  2. 02 — Sugar. Cane is crushed and the juice clarified into sugar, at 8,000 TCD. Sugar to market; bagasse and press mud kept as feedstock.
  3. 03 — Power from our own fibre. Bagasse is fired to raise steam and generate electricity, 36 MW installed. Power and steam to the mill and the distillery; ~10 MW exported to the state grid.
  4. 04 — Ethanol. Maize becomes fuel-grade ethanol for India’s blending programme, 300 KLPD. Ethanol to oil marketing companies; DDGS as cattle feed.
  5. 05 — Compressed Biogas — under development. Press mud is digested and upgraded to over 96% methane, 15 TPD. Off season the plant switches to cane trash and maize stover. Compressed biogas to market.
  6. 06 — And back to the field. Fermented organic manure returns to the farms that supplied the feedstock, closing the loop.

A circular economy by design — every residue is the next plant’s raw material.

Since 2005

“They are not four businesses that happen to share an address. Each one runs on what the one before it leaves behind.”

Incorporated on 13 April 2005 as Pithera Sugar Mill Pvt. Ltd. and renamed Mahakaushal Sugar and Power Industries Ltd that September, the first plant at Bachai crushed 1,500 tonnes of cane a day. It grew to 4,500 TCD in 2014–15 and to 8,000 TCD today, with a bagasse-fired cogeneration plant commissioned in 2016 and a grain distillery alongside.

  • 2005
  • 2014–15
  • 2016
  • 2022
  • Today
The sugar mill at Bachai, two chimneys above the plant with fields behind.
The mill at Bachai Fig. 01

The numbers

Installed at Bachai, Narsinghpur · Madhya Pradesh

  • 8,000 TCD Cane crushing
  • 300 KLPD Ethanol, expandable to 600
  • 36 MW Installed, ~10 MW to the grid
  • 2005 Operating since

Our businesses

Our businesses

Each one runs on what the one before it leaves behind. Sugar to wholesale and industrial buyers; ethanol to oil marketing companies; surplus power to the state grid; compressed biogas under development.

Aerial view of the mill at Bachai, white roofs among green cane fields

Sugar

8,000 TCD

Cane is crushed and the juice clarified into sugar. Two things come out of this stage that most mills treat as problems to be disposed of: bagasse, the fibre left after crushing, and press mud, the filter cake removed during clarification. We treat both as feedstock.

Sold to wholesale & industrial buyers Byproducts — bagasse · press mud · molasses
The distillery site at dusk, storage tanks lit against the sky

Ethanol

300 KLPD · to 600

Grain-based (maize), expandable to 600 KLPD. Our grain distillery converts maize into fuel-grade ethanol for India’s blending programme, running on steam and power from the cogeneration plant next door.

Supplied to oil marketing companies Co-product — DDGS, high-protein cattle feed
The cogeneration control room at Bachai, instrument panels along the wall

Power

36 MW · since 2016

Bagasse cogeneration, commissioned 2016. ~10 MW exported to the state grid. The complex is not powered by coal or by grid electricity — it is powered by the residue of the cane the farmer delivered that morning.

Surplus exported to the state grid Steam & power run the mill and the distillery
Aerial view over the fields beside the plant at Bachai
Under development

Compressed Biogas

15 TPD

Press mud in season; cane trash and maize stover off season; biogas upgraded to over 96% methane, meeting IS 16087 and interchangeable with CNG; the digester’s output returns to farms as Fermented Organic Manure.

Press mud from our mill & neighbouring mills FOM recognised under the Fertiliser Control Order

The expansion

1,500 to 8,000 TCD,
on the same site.

  1. 2005 Incorporated; 1,500 TCD mill at Bachai.
  2. 2014–15 Expansion to 4,500 TCD.
  3. 2016 Co-generation plant commissioned.
  4. 2019 Terms of reference filed for the 8,000 TCD expansion.
  5. 2022 Final EIA for the 8,000 TCD expansion.
  6. Today 300 KLPD grain distillery in operation. 15 TPD CBG plant under development Main-board listing planned.

What this displaces

What this displaces.

We produce It replaces
Ethanol It replaces Imported crude oil, through the ethanol blending programme
Compressed Biogas under development It replaces Imported natural gas and diesel
Grid power from bagasse It replaces Coal-fired generation
Fermented Organic Manure It replaces Chemical fertiliser, much of it imported

Alongside that, digesting press mud instead of open-composting it prevents methane release, and paying for crop residue prevents open-field burning.

Circular economy is a phrase most companies apply to a recycling initiative. For us it is the plant layout. The mill’s fibre powers the distillery. The mill’s filter cake becomes vehicle fuel. The digester’s residue becomes fertiliser for the farms that started the cycle. We are not adding sustainability to an industrial process — the process is the mechanism.

Aerial view of the Bachai complex with the surrounding fields.
The complex and its command area Fig. 02

Adding biogas does not require a new supply chain. It requires us to buy one more thing from people we already buy from — and to pay for material they currently have no market for.

The supply chain

The same farmers, the same trucks.

  1. A farmer who burned his cane trash because clearing it cost more than it was worth now has a buyer for it.
  2. The truck that delivers cane to the mill need not return empty — it can carry organic manure back to the village.
  3. Our harvesting and baling equipment serves the sugar season and the residue season, rather than standing idle half the year.
  4. One relationship, one payment system, one set of field staff, covering cane, grain and residue.
Investors

Building for the public markets.

Mahakaushal Sugar and Power Industries Ltd is not yet listed; a main-board listing is planned. Our investor pages carry the corporate profile, the investment proposition and governance information. No financial figures are published on this site.

Investor relations CIN U01543MP2005PLC017514
Location & contact

One site. Four units.

Village Bachai, in Narsinghpur district — central Madhya Pradesh, in the Narmada valley.

  1. Satellite view of India, with Madhya Pradesh outlined near its centre.

    01 India

  2. Satellite view of Madhya Pradesh in October, the Narmada running west across the state and Narsinghpur district outlined on it.

    02 Madhya Pradesh · Wheat, soybean and pulses.

  3. Landsat view of Narsinghpur district: the Narmada along its northern edge, and the farmland of the valley either side of it.

    03 Narsinghpur · central Madhya Pradesh

  4. Aerial view of the whole complex at Bachai — the sugar mill sheds and boiler stack, the distillery house and columns, the storage silos and the ethanol tank farm, with the fields around the site.

    04 Village Bachai · four units on one site

Imagery: NASA GIBS (Blue Marble, Landsat) · Aerial: MSPIL, Oct 2025 · Outlines: © OpenStreetMap contributors Pin positions indicative

Factory

Village Bachai
Narsinghpur 487001
Madhya Pradesh

Registered office

SF-11, II Floor, Aakriti Business Center, Aakriti Eco City, Bawadiya Kalan, Bhopal 462039, Madhya Pradesh
  • Narmada valley
  • about 100 km to Jabalpur
  • about 230 km to Bhopal
  • on NH 44
Write to us [email — @mspil.in, to confirm] [phone — to confirm]