You are here » Home » Companies » Company Overview » Sakthi Sugars Ltd

Sakthi Sugars Ltd.

BSE: 507315 Sector: Agri and agri inputs
NSE: SAKHTISUG ISIN Code: INE623A01011
BSE LIVE 15:40 | 23 Aug 26.45 0.20
(0.76%)
OPEN

26.50

HIGH

26.70

LOW

26.35

NSE 15:31 | 23 Aug 26.45 0.10
(0.38%)
OPEN

26.90

HIGH

26.90

LOW

26.30

OPEN 26.50
PREVIOUS CLOSE 26.25
VOLUME 9439
52-Week high 44.40
52-Week low 25.70
P/E
Mkt Cap.(Rs cr) 314
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 26.50
CLOSE 26.25
VOLUME 9439
52-Week high 44.40
52-Week low 25.70
P/E
Mkt Cap.(Rs cr) 314
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sakthi Sugars Ltd. (SAKHTISUG) - Chairman Speech

Company chairman speech

SAKTHI SUGARS LIMITED ANNUAL REPORT 2006-2007 CHAIRMAN'S REPORT Dear Shareholders, Vanakkam I am pleases to present the financial results for the year 2006-07 of the Company. The upswing in the sugar cycle lasted for a very short time. The very high production of sugar in India and Brazil and also the untimely ban on export of sugar in India created the current crisis in the Industry. The above factors had an adverse effect on the results of the company. Although the level of crushing has gone up to 34.77 lakh tonnes (previous year 27.47 lakh tonnes), the year has ended with a lesser turnover at Rs.766.52 crores compared to Rs.896.02 crores and the net profit at Rs.30.18 crores (previous year Rs.96.16 crores). The operations of distillery and co-generation plants were optimal and have contributed to balance out the negative results of the sugar division. I am glad to mention that the dividend is being maintained at 15% to equity shareholders. The new sugar unit with 3500 TCD capacity and 25 MW co-generation plant at Modakurichi were commissioned in September 2007. Implementation of the other two co-generation projects at Sivaganga and Sakthinagar are in progress respectively. The company has also expanded the distillation capacity to 120 KLPD from 90 KLPD at Sakthinagar. Availability of sugar cane continues to be sufficient to maintain optimum utilization of the capacity. With all the new capacities in operation, I am confident that the performance of the Company will be better in the years to come. I express my sincere gratitude to the stake holders for their continued support. I thank my colleagues on the Board, cane growers, suppliers, bankers, financial institutions, Central and State Governments and all others for their continued support. With regards, N. MAHALINGAM Chairman