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Andhra Sugars Ltd.

BSE: 590062 Sector: Others
NSE: ANDHRSUGAR ISIN Code: INE715B01013
BSE 09:25 | 18 Nov 287.55 0.95
(0.33%)
OPEN

287.55

HIGH

287.55

LOW

287.55

NSE 09:07 | 18 Nov 290.00 1.55
(0.54%)
OPEN

290.00

HIGH

290.00

LOW

290.00

OPEN 287.55
PREVIOUS CLOSE 286.60
VOLUME 100
52-Week high 416.35
52-Week low 257.00
P/E 4.19
Mkt Cap.(Rs cr) 780
Buy Price 287.65
Buy Qty 17.00
Sell Price 290.65
Sell Qty 17.00
OPEN 287.55
CLOSE 286.60
VOLUME 100
52-Week high 416.35
52-Week low 257.00
P/E 4.19
Mkt Cap.(Rs cr) 780
Buy Price 287.65
Buy Qty 17.00
Sell Price 290.65
Sell Qty 17.00

Andhra Sugars Ltd. (ANDHRSUGAR) - Company History

Andhra Sugars,incorporated in 1947, is engaged in the manufacture and sale of sugar,Organic and Inorganic Chemcials.Edible & Non-Edible Vegetable Oils and Non-Conventional Power Generation at Tanuku,Kovvur,Guntur,Taduvai,Saggonda and Ramagiri in Andhra Pradesh. The Tanuku plant manufactures 5000 TCD of Sugars and Taduvai plant 2500 TCD. Its by-product Molasses which is the raw material for Sugar is being produced @ 15 KL per day capacity in the initial stage in the Alcohol plant at Tanuku. Later this was increased to 30 KL per day.Bagasse is being used for Co-generation of Electricity. The Caustic Soda plant is having production capacity of about 112,000 MT per annum. The by-products for Caustic Soda plants are Hydrogen and Chlorine. The production capacities of Caustic Soda at Saggonda plant were increased from 100 TPD to 175 TPD to meet the future demand for Caustic Soda and other Chloro-alkali Industry products. Andhra Sugars also operates 2.025 MW Wind power at Ramagiri and a Co-generation power plant at Taduvai. Since the company owns 2 Caustic Soda plant where Electricity is the raw material along with salt,it is necessary to have access to power at economical costs. In 1994, the company came out with the second public issue of Rs. 11.30 lac. The company modernised the plant to incorporate the DCDA process in its sulphuric acid plant and commissioned an aspirin granulation plant built with indigenous technology. A sulphuric acid plant of 250 tpd was set up at the new chemical complex at Saggonda. It came out with a rights issue of NCDs to part-finance the project. In Feb, 2000 and Feb, 2001 the company as per its Letter of Offer redeemed the first and second installement of NCD. JOCIL, Andhra Farm Chemicals Corporation and Hindustan Allied Chemicals are the subsidiaries of the company. The company has been selected by ISRO for setting up a plant for the manufacture of HTPB. This plant is expected to be commissioned in the current financial year.