Simbhaoli Sugars gets ready to meet deficit

Estimating low cane supply in ensuing crushing season (October - September), the speciality sugar manufacturer Simbhaoli Sugars (SSL) has started off season’s raw refining campaign at its second sugar manufacturing plant at Chilwaria, eastern Uttar Pradesh.

The company has so far purchased 133,000 tonnes of raw sugar at an undisclosed competitive price and another 167,000 proposed to be contracted before the commencement of crushing this season. The on-going programme to refine 300,000 tonnes of raw sugar in 2009-10 season is a part of business plan to meet domestic sugar deficit and to improve capacity utilisation of the plant.

Significantly, sugar contributed 83 per cent of the company’s turnover during the first quarter of the current financial year at Rs 194.90 crore. During the same quarter last year, the sweetener had contributed 63 per cent on a total sale of Rs 104 crore. Sugar segment turnover increased by 115 per cent to Rs 175.30 crore during the period under review.