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Sakthi Sugars Ltd.

BSE: 507315 Sector: Agri and agri inputs
NSE: SAKHTISUG ISIN Code: INE623A01011
BSE LIVE 15:40 | 20 Nov 25.45 0.25
(0.99%)
OPEN

25.35

HIGH

25.75

LOW

25.00

NSE 15:55 | 20 Nov 25.30 0.05
(0.20%)
OPEN

25.30

HIGH

25.85

LOW

25.00

OPEN 25.35
PREVIOUS CLOSE 25.20
VOLUME 12429
52-Week high 44.40
52-Week low 23.00
P/E
Mkt Cap.(Rs cr) 302
Buy Price 0.00
Buy Qty 0.00
Sell Price 25.45
Sell Qty 1000.00
OPEN 25.35
CLOSE 25.20
VOLUME 12429
52-Week high 44.40
52-Week low 23.00
P/E
Mkt Cap.(Rs cr) 302
Buy Price 0.00
Buy Qty 0.00
Sell Price 25.45
Sell Qty 1000.00

Sakthi Sugars Ltd. (SAKHTISUG) - Company History

Sakthi Sugars is into the business of Sugar and industrial alcohol and Soya products. It is being spearheaded by M.Manickam Vice Chairman and Managing Director and he is also the son of Dr. N Mahalingam who is the Chairman of Sakthi Sugars. The company has 3 units with crushing capacities of 6000 TCD,4000 TCD and 2500 TCD respectively. SSL took over a 1250-tcd sugar unit on a 10-year management contract basis from the Badamba Co-operative Sugar Industries in 1991 with an option to extend the contract for a further period of 10 years. It has also established a modern sugar unit with a crushing capacity of 2500 tcd which commenced operations during 1994-95. Apart from the four sugar units, Sakthi Sugars has two distilleries and a foundry. The capacity of the foundry was expanded to 24,000 tpa. The company entered into technical collaboration with George Fischer Foundry, Switzerland, to supply state-of-the-art manufacturing technology. Sakthi Soyas, a group company, was merged into SSL with effect from 1st, Apr.'93. The unit has an installed capacity of 1,00,000 tpa to produce refined oil, de-oiled cake, full-fat soya meal, soya flour flakes and texturised vegetable protein. SSL has installed a new unit at Haripur for industrial alcohol with an installed capacity of 10000 KL pa. During 1997 the new disamatic foundry wing commenced its production with SG Iron Casting and Graded Iron Casting with a annual capacity of 2600 MT and 1000 MT p.a. The capacities of both the products was increased 14400 MT and 9600 MT p.a respectively. As a restructuring measure the company has hived off its foundry division to wholly owned subsidiary viz Sakhti Auto Components Ltd from April,2000. The crushing capacity of Sakthi Nagar Unit was increased 6000 TPD in October, 1998. The company has taken up implementation of co-generation project at Sakthinagar Sugar Unit. The installed capacity of the proposed co-generation plant is 35 MW. The Co-generation project could not be started off as per schedule and the same is expected to be commissioned in October,2003. An incidental 2 MW co-generation at Sivaganga Sugar unit has commenced its operations from April,2002. The process for setting up a beverage project with Hindustan Coca-Cola Beverages is complete and the plant is ready for operation. Necessary permission from the State Government is expected to commence commercial production. It has entered into JV with TNPL under which the bagasse produced by the company will be exchanged for steam required for operation of the mill and the boilers at Sakthinagar. The Sakthinagar Distillery Division has intalled Ethanol plant with an annual capacity of 50000 ltrs per day and trial production commenced on June,2003 and supply of ethanol to oil companies is expected to commence shortly.