Indian Sucrose was incorporated as a public company on December 12, 1990. It was promoted jointly by Punjab Agro Industries Corporation (PAIC) and Mukerian Papers. The company manufactures white crystal sugar in India. In 2005, Indian Sucrose acquired Cosmos Industries, Dhuri. The company’s plant and registered office are located at Mukeriari, Punjab and D. P. Singh is its chairman.
Indian Sucrose`s carbon credit project has successfully been registered with UNFCCC (United Nations Framework Convention on Climate Change) on March 16, 2007. With this, the company entered into the list of few successfully registered CDM projects in India and now is eligible to accrue and sell the carbon credits.
The securities of the company have been delisted from the Bangalore Stock Exchange with effect from July 09, 2007.
Business areas of the company:
The company’s principal activity is to manufacture and exports White Crystal Sugar and its allied by product Mollases, Bagasse, Alcohol and other Chemicals extracted from Sugar, also Manures, Breweries, Distilleries and manufacturers of all kinds of Preserved food, Sauces, Jams, Alcoholic and Non Alcoholic Drinks and Pharmaceuticals, Sugar Cane, Sugar Beet and other Agricultural Products.
Milestones:
- 1990 -The company was incorporated as a public limited Company on 12th December, and the Certificate of Commencement of business was obtained on 18th December. It was originally promoted jointly by Punjab Aro Industries Corporation (PAIC) and Mukerian Papers. Subsequently Mukerian Papers its nominee Companies including Malwa Cotton Spinning Mills and Punjab Woolcomber took over the Control of the Company.
- 1992 - The Company had set up a plant for the manufacture of white crystal sugar with an installed capacity of 2500 TCD, expandable upto 3500 TCD at Punjab. The plant had also certain additional facilities like co-generation of power to the extent of 6.6 M.W. Commercial production was commenced from 1st November.
- 1993 - Sales amounted to Rs 37.40 crores. The production of sugar was 22,282 tonnes at an average recovery of 8.89%.
- 1994 - Sales decreased to Rs 29.56 crores due to low capacity utilisation on account of less availability of sugarcane and market depression due to large scale import of sugar. Production during the year amounted to 23,640 tonnes at an average recovery of 8.96%. The Company proposed to increase the sugar plant capacity to3,500 TCD by modification in the existing plant and was also planning for forward integration by setting up a plant for manufacturing of Ethyl Alcohol from Molasses.
- 1995 -Sales increased to Rs 39.57 crores. Production amounted to 36,805 tonnes in 146 crushing days. The overall performance of the Company was severely affected due to increase in input cost and decrease in selling price of finished products.
- 1996 -The company produced 49,998 tonnes of sugar in 209 crushing days.
- 2005- Delist securities from the Ahmedabad Stock Exchange (ASE) with effect from July 11, 2005.Indian Sucrose acquires Cosmos Industries Ltd, Dhuri
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