The Hindu : Business : Simbhaoli Sugar turns around

Online edition of India's National Newspaper
Friday, Apr 22, 2005

Business

Business

Simbhaoli Sugar turns around

Staff Correspondent

Plans Rs. 50 crore expansion

The company is expanding the Chilwaria plant to 6,000 tcd and establishing raw sugar processing facility for the off-season.

MUMBAI: Simbhaoli Sugar Mills (SSML) has reported a net profit of Rs. 11.85 crores during 2004-05 against a loss of Rs. 4.08 crores in the previous year. The gross turnover was significantly up at Rs. 509.42 crores against Rs. 338.99 crores. Thanks to the realisation of higher unit price and concentration on production of value-added products, the company's profit before exceptional items and tax touched Rs. 46.80 crores against a loss of Rs. 6.37 crores. The company has the country's largest stand-alone integrated sugar refinery complex at Simbhaoli in Uttar Pradesh and it imported 71,000 tonnes of raw sugar for processing last fiscal. The company now has plans to process a total of over one lakh tonnes during the sugar year 2005-06 through energy saving measures. In 2004-05, the company started making 100 tonnes of pharma grade sugar. The unit is also making specialty sugar.

The company is now expanding the crushing capacity to 9,500 tcd (tonnes crushed per day), so that in addition to 750 tonnes of refined sugar production, raw sugar of 200 tonnes is produced per day. This will enable the unit to run its refinery for 240 days in a year processing in-house and imported raw sugar for an extended period of 100 days. The company is expanding the Chilwaria plant to 6,000 tcd and increasing co-generation of 8 MW/hour to 17 MW/hour and establishing raw sugar processing facility for the off-season. It is increasing the distillery capacity to 90 KL/day from 75 KL/day. The entire cost of expansion is Rs. 50 crores.

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