EID Parry India Ltd. has announced the setting up of a 120 kilo litre per day capacity distillery at its Sankili unit in Andhra Pradesh.

On Tuesday, the board approved the ₹92.5 crore project and the investment cost would be met through borrowings, the company said in a regulatory filing.

The distillery would utilise sugarcane juice or syrup as principal feedstock during the crushing season.

Grains like broken rice or maize would be used during off season to manufacture ethanol, which would have assured off take from oil marketing firms, the company said.