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Andhra Sugars Ltd.

BSE: 590062 Sector: Others
NSE: ANDHRSUGAR ISIN Code: INE715B01013
BSE 12:28 | 24 Sep 592.05 21.75
(3.81%)
OPEN

579.70

HIGH

606.40

LOW

579.70

NSE 12:19 | 24 Sep 594.25 19.90
(3.46%)
OPEN

581.00

HIGH

607.90

LOW

581.00

OPEN 579.70
PREVIOUS CLOSE 570.30
VOLUME 14094
52-Week high 637.90
52-Week low 270.85
P/E 14.51
Mkt Cap.(Rs cr) 1,605
Buy Price 592.10
Buy Qty 25.00
Sell Price 593.55
Sell Qty 21.00
OPEN 579.70
CLOSE 570.30
VOLUME 14094
52-Week high 637.90
52-Week low 270.85
P/E 14.51
Mkt Cap.(Rs cr) 1,605
Buy Price 592.10
Buy Qty 25.00
Sell Price 593.55
Sell Qty 21.00

Andhra Sugars Ltd. (ANDHRSUGAR) - Company History

Andhra Sugarsincorporated in 1947 is engaged in the manufacture and sale of sugarOrganic and Inorganic Chemcials.Edible & Non-Edible Vegetable Oils and Non-Conventional Power Generation at TanukuKovvurGunturTaduvaiSaggonda 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 112000 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 saltit 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.

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