Empee Distilleries Ltd, the Flagship Company of Empee Group, announced a 30 per cent maiden interim dividend for the half year ended April 30, 2008. “Our accounting year is from October 1 to September 30. The record date for eligibility is May 21, 2008,” a company source said.

Power plant goes on stream

Meanwhile, the 10 Mega Watt (MW) biomass based power plant of the Power Division of Empee Distilleries Limited at Aranthangi in Pudukottai went on stream recently. The Group will supply the entire quantity of clean renewable energy to the Tamil Nadu Electricity Board. The power plant is generating 60 lakh units of power per month.

“The Tamil Nadu Energy Development Agency (TEDA) awarded three licences to the Empee Group to set up biomass-based power plants at Pudukottai, Perambalur and Thiruvaroor District. The project at Aranthangi in Pudukottai District has been commissioned and will qualify for carbon emission reduction certificates (CER’s). The Group is contributing to a global cause by mitigating carbon-dioxide emissions through the use of biomass for the project,” Empee Group Chairman Mr. M. P. Purushothaman said.

For a Green cause

“At present, we are buying the biomass required for the plant from growers. We will soon set up our own captive tracts for biomass development as our requirement is very huge. The biomass plants grow afresh every time they are harvested and we tap the energy available within the plant to generate electricity. The entire energy thus produced will be added to the state power grid through the Tamil Nadu Electricity Board,” company sources revealed.

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About Empee Group

Chennai-headquartered Empee Group with well established and diversified corporate interests earns revenues of over Rs 1,000 crore. The Group was founded by Mr. M. P. Purushothaman in the early 1970s. The Group has created strong brands with focus on quality with state-of-the-art manufacturing facilities in Tamil Nadu and Kerala. The flagship Empee Distilleries Limited has a turnover of over Rs. 800 crore. The Group has diversified into various core businesses including liquor, beer, sugar, chemicals, grain alcohol, hospitality, property development, power, packaging and construction.