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KM Sugar Mills Ltd.

BSE: 532673 | NSE: KMSUGAR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE157H01023 | SECTOR: Sugar

BSE Live

Jun 23, 10:24
28.25 1.30 (4.82%)
Volume
AVERAGE VOLUME
5-Day
375,461
10-Day
986,383
30-Day
510,855
101,472
  • Prev. Close

    26.95

  • Open Price

    27.30

  • Bid Price (Qty.)

    28.25 (30385)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jun 23, 10:24
28.25 1.30 (4.82%)
Volume
AVERAGE VOLUME
5-Day
1,704,046
10-Day
4,573,065
30-Day
2,612,762
783,359
  • Prev. Close

    26.95

  • Open Price

    27.50

  • Bid Price (Qty.)

    28.25 (221389)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2004

Chairman's Speech

Chairman's Vision India as a nation is growing stronger by day the day and making its presence felt across the globe. The shift in basic economic policies towards liberalization during last decade has started bearing fruits. The stock market index has risen from 4,000 to 8,000 within a short span of 2 years. Simultaneously the fortunes of the sugar industry are soaring high. Recognised as one of the biggest players, the Indian sugar industry has an annual turnover of Rs. 500 billion with a contribution of Rs. 20 billion to the exchequer every year. The favourable sugar prices have improved the financial health of the industry considerably during last 2 years from the earlier dire conditions. With the government taking policy initiatives to promote the sugar industry namely de-licensing of sugar sector, permission of future trading, soft loans for capacity expansion, more and more avenues are opening up. The economic capacities have gone up from 2,500 TCD, two decades ago to 6,500 TCD. Accordingly the company has embarked on the expansion drive and is increasing its sugarcane crushing capacity from 4,500 TCD to 6,500 TCD. The company intends to continue the expansion spree to maintain the competitive edge. Quickly sensing the pulse of the sugar industry, the company installed the refinery, and during the period from Jan-Apr 2005 had successfully completed the refining of 10,000 tons of raw sugar. The profit margins were in strain during 2002 due to high cane price and excess production. However the last two years have seen a major improvement in the prices and India has successfully imported sugar to meet the domestic requirement. It is expected that the production would increase during 05-06 to 180 lakh tons obviating the necessity of importing sugar. The Company was among the pioneers in recognizing the opportunity put forth by the sugar industry by way of mixing 5% ethanol in petrol and set up an ethanol plant of 45 KLPD and initiated the setting up of 60 KLPD ethanol plant in Maharashtra. Ethanol is considered to be an apt import substitute for the crude oil. Herein lies a great potential for India to match up with the level of Brazil, which is using ethanol as a petrol-substitute. On the whole, the sugar industry is shining after dark clouds and has bright future with the constructive support from Government, Grower and Labour. And with the necessary infrastructure in terms of Land, Management, Technology, Cultivation Area, R&D Systems, Power, Irrigation, the company proposes continuous expansion in line with the government policies to achieve higher productivity & returns, and become a global player.