Company History - Andhra Sugars
1947 - Incorporation in 1947 at Tanuka, Andhra Pradesh.
1966 - The Caustic Soda & Chlorine Plant achieved more than 100%
1967 - On 15th February, 2,00,000 right equity shares issued at par
the proportion 2:7.
1970 - 7,19,853 bonus equity shares issued in the prop. 4:5.
1972 - 4,05,183 Equity shares issued. 30,000 II Pref. shares
on 5th October.
1973 - The caustic soda unit II with a capacity of 70 tonnes per day
commissioned on 28th September.
1974 - 405183 Equity Shares issued.
- 12,14,910 bonus equity shares issued in prop. 3:5.
1976 - 1,05,660 equity shares issued at par to IFCI on conversion of
loans on 20.1.1976.
1978 - 1,06,000 equity shares issued on conversion of 20% of the loan
the financial institutions.
1981 - 20,70,852 bonus equity shares issued in the prop. 3:5.
1983 - The Sugar & Chemical Machinary Division entered into an
with Reva Enviro Systems (Pvt.) Ltd., Nagpur for Bicardi's
water treatment system and for the generation of methane from
Company's distillery spent wash. Subsequently, a pollution
control-cum-energy saving project was taken up as per the
suggestions of the Pollution Control Board.
1984 - Due to acute shortage of alcohol in the State, the Company was
not allotted any alcohol. The plant was, therefore, shut
from September 1994.
1985 - Subsequently With the availability of alcohol, the operations
(Acetic Acid plant) were restarted.
- The first barch of 500kgs. of propellant grade MMH was
1986 - The Company concluded an agreement with ONGC for supply of
natural gas for a quantity of 16,000 M  per day for Tanuku
plant and 6,000 M per day for Kovvur plant for their
- The company was approved as a selling agent for marketing
- In November the Company issued 4,00,000 - 15% non-convertible
debentures of Rs. 100 each on private placement basis to UTI,
LIC, GIC and its subsidiaries. These debentures are
at a premium of 5% at the end, of 7th, 8th and 9th year.
1987 - The commercial plant for the manufacture of UDMH/MMH was set
ONGC commenced supply of natural gas to Tanuku units with
from 18th July. The industrial licence for the manufacture
any higher capacity of 66,000 tonnes per annum of
was approved. A letter of intent was received for the
manufacture of oleum 20% to a capacity of 3,300 tonnes per
within the existing licensed capacity of sulphuric acid.
1989 - The Company installed in June, two 2270 KVA `SKODA' D. G. sets
meet power shortage. The Company was also allotted 10 MW power
A. P. Gas Power Corporation Ltd. (APGPCL) from its gas based
- In accordance with the suggestion by State Bank of India,
Hyderabad the operating agency of Board for Industrial &
Reconstruction (BIFR) Jayalakshmi Cotton & Oil Products Ltd.
Guntur amalgamation with the company. BIFR's sanctioned the
1990 - 55,22,272 bonus equity shares issued in prop. 1:1, 2,52,000
equity shares allotted without payment in cash to members of
Jayalakshmi Cotton & Oil Products Ltd, on its meger.
1991 - The Scheme of Amalgamation was approved by BIFR by its order
on 21st February. As per the Scheme, 2,52,000 equity shares
Rs. 10 each of the Company were issued to members of JCOP in
proportion of 2:5 shares of Rs. 10 of the Company for every
share of Rs 100 each held in JCOP.
1993 - 112,96,544 bonus equity shares allotted in ratio 1:1.
1994 - The Company received letter of intent from Government to set
2,500 TCD sugar plant at Buttayagudem in West Godavari
- The Company issued 45,20,000 non-convertible debentures of Rs
each along with detachable tradable warrants on right basis
the existing shareholders.
1996 - The Caustic Soda & Chlorine Units achieved more than 100%
- A new chemical complex was being set up at Saygonda village
manufacture of 33,000 TPA of caustic soda lye, 19,000 TPA of
chlorine, 10,000 tonnes of hydrochloric acid and 50 tonnes of
hydrogen gas per annum. Another sulphuric acid plant of 250
and chlorosulphonic acid plant of 100 TPD was also being set
up at the new chemical complex.
-The second sugar factory of the Tanuku-based Andhra Sugars at
Taduvai village in West Godavari district began commercial
production. The factory was set up at a cost of Rs.60 crore with a
crushing capacity of 2 500 tonnes a day.
- 45,20,000 equity shares (prem. Rs 25 per share) issued on
converions of detachable trade warrents.
-Crisil has downgraded the rating assigned to the non-convertible
debenture issue of Andhra Sugars Ltd (ASL) from A+ to A-.
1999 - As in the previous season the Sugar Unit at Taduvai is
for 100% Free Sugar sale.
- Performance of Chemical Units at Kovvur and Tanuku was
satisfactory. Sulphuric Acid Unit achieved more than 100%
- The Company commenced work on Year 2000 (Y2k) compliance.
effect of Y2K on Data processing Software, Hardware,
Systems, Process Control Systems has been evaluated and the
systems likely to be affected are identified.
-Life Insurance Corporation of India as on 31-Aug-2002 holds
22,73,444 equity shares amounting to 8.39% paid-up equity capital of
--Completes 55 years of existence without any strike or unrest by
-Offered Rs 36 crore for West Godavari Cooperative Sugars Ltd
-Andhra Sugars Ltd (ASL) and Krebs Bio Chemicals (KBC) have entered
into sale and purchase agreement with the loss-making co-operative
units of West Godavari Cooperative Sugar Factory Ltd and NVR
Cooperative Sugar Factory Ltd in Bhimadolu in West Godavari and
Jampani in Guntur district
- Andhra Sugars Ltd has registered a growth of 18.29 per cent in
turnover and 56.01 per cent in net profit for the third quarter
ended December 2004 of the current fiscal.
- Andhra Sugars Ltd reports net profit Rs 69.54 crore (Rs 43.82
crore), yielding an EPS of Rs 21.96 (Rs 18.09) on an equity of Rs
- Andhra Sugars Ltd recommended a Dividend of 75%
- Andhra Sugars Board recommends dividend f 60% on Equity Shares of
the Company for the year ending March 31, 2007
- Andhra Sugars Board recommends dividend of 50% for the year
- Andhra Sugars Board recommends Dividend of Rs 6/- per share for
the year 2008-09.
- Andhra Sugars - Board recommends Dividend of Rs. 5/- per share on
Equity Shares of the Company for the year ending March 31, 2010
- Dr. B.B.Ramaiah has been appointed as chairman & Managing Director
of the Company with effect from 1st November, 2011
- Shri P. Narendranath Chowdary has been appointed as Managing
Director of the Company with effect from 1st April, 2012
- he Andhra Sugars Ltd recommended a Dividend of Rs.7/- per share on
Equity Shares of the Company for the year ending March 31, 2012.
-Andhra Sugars has recommended a Dividend of Rs. 6/- per share on
-Andhra Sugars have recommended a dividend of Rs. 5/- per share on