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Thiru Arooran Sugars Industries
BSE: 507450|NSE: THIRUSUGAR|ISIN: INE409A01015|SECTOR: Sugar
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Company History - Thiru Arooran Sugars Industries
YEAR                                                        EVENTS
 1954 - The Company was incorporated as a public limited company at
              Chennai on 12th July, and obtained a Certificate of
 Commencement
              of Business on 30th July.  It was promoted by late Shri
 V.S.
              Tyagaraja Mudaliar.
 
           - The Company set up a plant (Unit I) with an installed
 capacity of
              1200 TPD at Vadapathinangalam in Thanjavur district of
 Tamilnadu.
 
 1974 - The Crushing capacity was increased to 2,000 TPD.  Since
 then,
               the Company had been modernising the plant and
 machinery to attain higher efficiency.
 
            - Rate of dividend on preference shares increased from
 8.6% to
              10.5% with effect from 1.11.1975.
 
 1986 - The company was issued a letter of intent to set up a new
 sugar
              factory (Unit II) with an installed cane crushing
 capacity of
              2,500 TPD at Thirumandangudi in Thanjavur district of
 Tamilnadu.
 
            - Plant and machinery was procured on a turn-key basis
 from KCP,
              Ltd.  Two DG sets of 320 KVA each were also installed to
 meet any
              contingencies.
 
 1988 - 6,00,000 Bonus shares issued in prop 1:1.
 
 1989 - The Company privately placed 15,000-14% non-convertible
              debentures of Rs 1000 each with UTI and SBI Mutual Fund.
  The
              debentures are redeemable in three instalment beginning
 at the
              end of 6th year from the date of allotment with a
 premium of 5%
              to be paid with the IInd instalment.
 
           - 45,00,000 Bonus equity shares issued in prop. 15:4,
 14,25,000
             shares were then issued at a premium of Rs 15 per share
 of which
             two blocks of 46,875 shares each were reserved and
 allotted to
             UTI and SBI Mutual Fund.  71,250 shares were offered on
 a
             preferential basis to employees (including Indian
 working
             directors/workers) of the Company.  Only 11,400 shares
 taken up.
             The balance 12,60,000 shares, along with the unsubscribed
 portion
             of 59,850 shares of employees quota, were offered for
 public
             subscription during July, 1990.  Additional 2,13,750
 shares were
             allotted to the public to retain over-subscription.
 
 1990 - The Company decided to enter into new lines of business viz.,
              leasing, hire purchase, computer hardware and software,
 etc.
                                                                      
                                                      
           - During July, the Company made a public issue of equity
 shares
             with an objective to raise resources to meet part of the
 cost of
             new sugar project, augment long-term resources and to
 list equity
             shares on recognised stock exchanges.
 
 1992 - The Company has commissioned the services of the Sugarcane
              Breeding Institute, Coimbatore to undertake a detailed
 study and
              suggest necessary measures to improve the quality and
 yield of
              sugarcane.
 
           - The Company has also been chosen by Tamilnadu Industrial
              Development Corporation (TIDCO) as co-promoter for
 implementing a
              project in the Associate Sector to manufacture
 n-Butanol, an
              alcohol based chemical.
 
            - It is proposed to introduce the Double Common Header in
 the
              Injection Station to reduce the power consumption in
 the
             condensing and spraying system.
 
           - It has proposed to modify the existing VKW Boiler Furnace
 and
             Economiser Tube design to increase the thermal efficiency
 in the
             boiler.
 
           - The company has proposed to modify the existing
 Evaporator
             Station with Dynamic Juice Heaters to reduce the steam
             consumption.
 
           - It is proposed to introduce specific imbibition system in
 the
             Mills to reduce the imbibition percentage for the same
 milling
             performance.
 
           - It is proposed to introduce Multi Pass Evaporator to
 improve heat
             transfer and to reduce scale formation.
 
 1993 - Located alongside the sugar factory at Tirumandankudi, with
 an
              installed capacity of 60 kilo-litres per day of
 Rectified Spirit
              and 30 kilolitres per day of Extra Neutral Alcohol
 Commissioned
              in August.
 
 1994 - The Company finalised the proposal to set up cogeneration
              facilities at the Tirumandankudi sugar plant for
 generation upto
             19 MW of power.  The power plant would last substantial
 captive
             availability of fuel in the form of bagasse from the
 sugar mill
             and the same would be supplemented by lignite from the
 Neyveli
             mines.
 
          - The Company has successfully introduced the poly bag
 method of
             planting sugarcane which not only economies on seed
 requirement,
             but also through better germination, results in higher
 yield per 
             acre and sucrose content.
 
          - The Company is also considering expansion of its interests
 in the
            sugar industry and it is proposed to integrate the project
 for
            co-generation of power therein.
 
           - High efficiency pumps were installed in injection station
 which
             has resulted in energy saving.
 
           - Double Common Header has been introduced and it has
 resulted in
             power saving of about 125 KW.
  
           - 8,50,000 Shares issued Pref. shares issued.
 
 1995 - With a view to overcome the problems faced during the trial
 run,
             certain modifications were suggested and the plant was
 shut down
             since March 1996 to July 1996 for enforcing the
 modification.
 
          - The company received a Letter of Intent for expanding the
             capacity of Tirumandankudi sugar factory from 2500 TCD to
 5000
             TCD.
 
          - The Company undertook to install 9.74 MW back pressure
 turbine at
            Tirumandankudi power plant to increase the power
 generating
            capacity from 19th to 27 MW.
 
          - The Company also undertook to set up Co-generation
 facilities for
             19 MW power at Kollumangudi.
 
          - The Company was granted a Letter of Intent for setting up
 a new
             2,500 TCD sugar factory in Tiruvadaimaravdur taluka,
 Tanjavur.
 
           - During the year, 5,500,000 Redeemable Cumulative
 Preference
             Shares of Rs. 10 each were issued and allotted.
 
 1996 - The Company has allotted 4,12,869 No. of equity shares at a
 price
              of Rs 165 per share to the Promoters on preferential
 basis.
 
           - The Company had allotted 21,50,405 No. of Equity shares
 of Rs 10
             each at a premium of Rs 80 per share to the shareholders
 of the
             company on rights basis.
 
          - The 19 MW Power Cogeneration project at Tirumandankudi
 was
             commissioned during November.
 
           - The Company is installing a 9.74 MW back pressure turbine
 at the
             Tirumandankudi Power Plant, so as to increase the Power
             generating capacity from 19 to 27 MW during the crushing
 season.
 
           - The Bagasse based Cogeneration Plant was commissioned. 
 This
              is the first major Bagasse based Cogeneration Project of
 this
              kind in the sugar industry in the whole of India.
 
 1997 - The Unit Trust of India (UTI) has renounced its rights
              entitlement of 1,86,443 equity shares of Thiru Arooran
 Sugars
              Ltd at the rate of Rs.4 per share on January 22, 1997.
 
            - Arooran Sugars Ltd has recently obtained one more letter
 of
              Intent from the Centre to set up a sugar mill of 2500
 TCD at
              Valangaiman near Kumbakonam in Thanjavur district.
 
            - With the proposed two factories, it is set to emerge one
 of the
              largest sugar producers in the country with 12,000 TCD
 at its
              command.
 
          - The Chennai-based Thiru Aroonan Sugars Ltd (TASL),
 proposes to
             substitute some of its high-cost long-term and short-term
 funds
             with low cost resources.
 
           - Thiru Arooran Sugars Ltd has been chosen for `Best
              Project/Entrepreneur' award by Indian Renewable Energy
             Development Ltd (IREDA).  The agency has set up special
 awards
             as part of its celebrations to commemorate the completion
 of 10
             years of service in the renewable energy sector.
 
           - The capacity of the existing unit in Thirumandangudi has
 been
             doubled to 5,000 tonnes daily while the co-generation
 plant in
             this centre has a capacity of 27 MW.
 
           - 24,500,000 preference shares of Rs 10 each were privately
 placed
             aggregating to Rs 2450 lakhs.
 
 1998 - Thiru Arooran Sugars is the latest to join the race in the
              Southern sugar market to expand capacity.
 
           - The company recently set-up a new 2,500 tcd sugar unit
 at
             Thiruvidaimarudur through a new subsidiary - Shri Ambica
 Sugar
              Mills - which could also call for additional investments
 from
              TASL, leading to a higher fixed-cost component in its
 cost
             structure.
 
           - Thiru Arooran has a capcity of 7,500 tcd and is adding
 further
             capacity of 2,500 tcd through a subsidiary company.
 
           - 10,000,000 Preference shares of Rs 10 each privately
 placed.
 
 1999 - The sugar plant, situated at Pennadam, has a capacity to
 crush
              500 tonnes per day.  With this the capacity of TASL
 group
              increased to 12500 TCD taking into account 5000 TCD at
             Thiruman-dangudi and 2500 TCD at Kollumangudi.
 
 2000 - The Company a leading integrated sugar manufacturer based in
              Tamil Nadu, has proposed to hive off its `cash cow'
 co-generation
              division.
 
           - TheTerra Energy shall allot to Thiru Arooran Sugar
 Industries 1,00,00,000
              No. of equity shares of Rs 10 each fully paid-up
 aggregating Rs 10 crore,
              20,00,000 redeemable preference shares of Rs 100 each
 aggregating Rs 20
              crore and 12,84,000 optionally convertible debentures of
 Rs 100 each aggregating
              Rs 12.84 crore.
 
 2003
 
 - Delisting of the Equity Shares from Madras Stock Exchange
 
 2005
 
 -Shree Ambika Sugars Ltd an associate company of Thiru Arooran Sugars
 Ltd merges two of its cogeneration power subsidiaries with itself
 
 2006
 
 -Mr. R.R. Karthikeyan has been appointed as Company Secretary of the
 company.
 
 2010
 
 -Thiru Arooran Sugars has recommended payment of Dividend at Rs. 4
 per Equity Share (40%)
 
 2011
 
 -Mr. B. Viswanathan has been appointed as Additional Director of the
 Company.
Source : Dion Global Solutions Limited
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