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Rana Sugars Ltd.

BSE: 507490 Sector: Agri and agri inputs
NSE: RANASUG ISIN Code: INE625B01014
BSE 15:41 | 12 Dec 2.77 -0.03
(-1.07%)
OPEN

2.79

HIGH

2.80

LOW

2.66

NSE 15:42 | 12 Dec 2.75 -0.05
(-1.79%)
OPEN

2.80

HIGH

2.80

LOW

2.70

OPEN 2.79
PREVIOUS CLOSE 2.80
VOLUME 9842
52-Week high 4.13
52-Week low 1.90
P/E
Mkt Cap.(Rs cr) 43
Buy Price 2.67
Buy Qty 2092.00
Sell Price 2.85
Sell Qty 2000.00
OPEN 2.79
CLOSE 2.80
VOLUME 9842
52-Week high 4.13
52-Week low 1.90
P/E
Mkt Cap.(Rs cr) 43
Buy Price 2.67
Buy Qty 2092.00
Sell Price 2.85
Sell Qty 2000.00

Rana Sugars Ltd. (RANASUG) - Company History

Promoted by the Punjab Agro Industrial Corporation (28.6% equity stake) and Rana Gurjit Singh and his associates (17.2%), Rana Sugars came out with a public issue in Aug.'93 to set up a 2500-tcd sugar plant along with captive power generation of 5 MW. The main product of the company is white crystal sugar which is used in households, confectionery and pharmaceuticals. There are two by-products -- molasses and bagasse. Molasses are used to manufacture alcohol and citric acid. Bagasse is used as a raw material in the paper industry and also as fuel to generate steam and power. Located in Punjab, the company is at an advantage as Punjab is a sugar-deficit state. Also, the yield per hectare in Punjab is satisfactory. Rana Sugars Limited is the first company in the North India which has set up a Co-generation Power Project which was commenced production during March 2002. The Co-generation is generating 14 MW surplus power after meeting the captive demand from its in built system.