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Riga Sugar Company Ltd.

BSE: 507508 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE909C01010
BSE 00:00 | 31 Mar 2.85 0.10
(3.64%)
OPEN

2.62

HIGH

2.85

LOW

2.62

NSE 05:30 | 01 Jan Riga Sugar Company Ltd
OPEN 2.62
PREVIOUS CLOSE 2.75
VOLUME 416
52-Week high 7.27
52-Week low 2.62
P/E
Mkt Cap.(Rs cr) 4
Buy Price 2.62
Buy Qty 111.00
Sell Price 2.85
Sell Qty 179.00
OPEN 2.62
CLOSE 2.75
VOLUME 416
52-Week high 7.27
52-Week low 2.62
P/E
Mkt Cap.(Rs cr) 4
Buy Price 2.62
Buy Qty 111.00
Sell Price 2.85
Sell Qty 179.00

Riga Sugar Company Ltd. (RIGASUGAR) - Company History

Incorporated in Sep.'80, Riga Sugar Company (RSCL) is a wholly owned subsidiary of The Belsund Sugar & Industries (BSIL). The sugar mill of RSCL, which was established in 1932 was under BSIL and was transferred to the company from Oct.'81. The sugar factory's (inst. cap. : 800 tcd) capacity was increased to 1000 tcd in 1954 and to 1219 tcd in 1964. In 1987, the mill was modernised and expanded the capacity to 2000 tcd. The company's major products are sugar and non-potable ethyl alcohol. Ethyl alcohol derived from molasses finds wide use in both the potable and industrial sectors. It is also used as feedstock in producing acetaldehyde, acetic acid, acetic anhydride, acetone, ethylene, butadiene, etc. In 1987, modernisation-cum-expansion programme to increase the capacity to 2000 tcd was completed. The company came out with a public issue (premium : Rs 40) in Jul.'94 to part-finance the expansion of its sugarcane crushing capacity from 2000 tcd to 2500 tcd and to diversify by setting up a 50-klpd ethyl alcohol plant to produce value-added products from the by-product. The distillery division has started its operations in September,1995. The installed capacity of sugar was increased from 2500 TCD to 3500 TCD during 1999-2000. During 2000-2001 the company has installed Wireless communication system for connecting the Cane Centres and Areas with the Sugar Factory so as to have smooth communication with the Cane Growers.