Western Orissa Sugar Ltd., formerly known as Western India Sugar and Chemical Industries was promoted by the Gadgil Western group. Other group companies include Western Paques (India), Western India Industries and Western India Shipyard. The company is managed by chairman A S Wardekar and vice-chairman Nandan P Gadgil. In 1992, it came out with a public issue of 16.15 lac 15% secured redeemable PCDs of Rs 100 aggregating Rs 16.15 cr. Western India Sugar produces sugar and alcohol-chemicals at a fully-integrated plant in Orissa. Besides, the group is also focussing on setting up sugar plants on a build onw lease and transfer basis (BOLT). The company builds its plants to the specification of customers, operates if desired by a customer, finances it and then transfers it over a period of time. Under this scheme, the Gadgil Western group has offered a sugar factory to the Government of Vietnam where state-of-the-art technology is provided to process sugarcane. The group also provides the expertise to operate such a plant efficiently. The company proposes to setup a modern co generation plant to produce power throughout the year. The company will divert the surplus power to the Orissa state grid corporation.