you are here:

Andhra Sugars Ltd.

BSE: 590062 | NSE: ANDHRSUGAR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE715B01013 | SECTOR: Sugar

BSE Live

Jun 18, 16:00
430.75 -12.15 (-2.74%)
Volume
AVERAGE VOLUME
5-Day
9,342
10-Day
18,576
30-Day
13,902
4,745
  • Prev. Close

    442.90

  • Open Price

    443.95

  • Bid Price (Qty.)

    430.75 (50)

  • Offer Price (Qty.)

    430.75 (50)

NSE Live

Jun 18, 15:57
431.60 -11.85 (-2.67%)
Volume
AVERAGE VOLUME
5-Day
114,879
10-Day
210,749
30-Day
179,602
90,641
  • Prev. Close

    443.45

  • Open Price

    445.00

  • Bid Price (Qty.)

    431.60 (600)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Andhra Sugars
YEAR                       EVENTS
 1947 - Incorporation in 1947 at Tanuka, Andhra Pradesh.
 
 1966 - The Caustic Soda & Chlorine Plant achieved more than 100%
        capacity utilisation.
 
 1967 - On 15th February, 2,00,000 right equity shares issued at par
 in
        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
 allotted
        on 5th October.
 
 1973 - The caustic soda unit II with a capacity of 70 tonnes per day
 was
        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
 by
        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
 agreement
        with Reva Enviro Systems (Pvt.) Ltd., Nagpur for Bicardi's
 waste
        water treatment system and for the generation of methane from
 the
        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
 down
        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
 delivered       
        to ISRO.
 
 1986 - The Company concluded an agreement with ONGC for supply of
        natural gas for a quantity of 16,000 M [3] per day for Tanuku
        plant and 6,000 M[3] per day for Kovvur plant for their
 boilers.
 
      - The company was approved as a selling agent for marketing
 HEL-CES
        Monitoring system.
 
      - 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
 redeemable
        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
 up.   
        ONGC commenced supply of natural gas to Tanuku units with
 effect
        from 18th July.  The industrial licence for the manufacture
 of
        any higher capacity of 66,000 tonnes per annum of
 superphosphate
        was approved.  A letter of intent was received for the
        manufacture of oleum 20% to a capacity of 3,300 tonnes per
 annum 
        within the existing licensed capacity of sulphuric acid.
 
 1989 - The Company installed in June, two 2270 KVA `SKODA' D. G. sets
 to
        meet power shortage. The Company was also allotted 10 MW power
 by
        A. P. Gas Power Corporation Ltd. (APGPCL) from its gas based
        power project.
 
      - In accordance with the suggestion by State Bank of India,
        Hyderabad the operating agency of Board for Industrial &
 Finance
        Reconstruction (BIFR) Jayalakshmi Cotton & Oil Products Ltd.
        Guntur amalgamation with the company.  BIFR's sanctioned the
        agreement.
 
 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
 of
        Rs. 10 each of the Company were issued to members of JCOP in
 the
        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
 up a
        2,500 TCD sugar plant at Buttayagudem in West Godavari
 district.
 
      - The Company issued 45,20,000 non-convertible debentures of Rs
 250
        each along with detachable tradable warrants on right basis
 to
        the existing shareholders.
 
 1996 - The Caustic Soda & Chlorine Units achieved more than 100%
        Capacity utilisation.
 
      - A new chemical complex was being set up at Saygonda village
 for
        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
 TPD
        and chlorosulphonic acid plant of 100 TPD was also being set
        up at the new chemical complex.
 
 1997 
 
 -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.
 
 1998 
 
 -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
 entitled
        for 100% Free Sugar sale.
 
      - Performance of Chemical Units at Kovvur and Tanuku was
        satisfactory.  Sulphuric Acid Unit achieved more than 100% 
        capacity utilisation.
 
      - The Company commenced work on Year 2000 (Y2k) compliance. 
 The
        effect of Y2K on Data processing Software, Hardware,
 Operating
        Systems, Process Control Systems has been evaluated and the
        systems likely to be affected are identified.
 
 2002
 
 -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
 the company.
 
 2003
 
 --Completes 55 years of existence without any strike or unrest by
 employees
 
 -Offered Rs 36 crore for West Godavari Cooperative Sugars Ltd
 
 2004
 
 -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
 
 2005
 
 - 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.
 
 2006
 
 - 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
 27.11 crore.
 
 - Andhra Sugars Ltd recommended a Dividend of 75%
 
 2007
 
 - Andhra Sugars Board recommends dividend f 60% on Equity Shares of
 the Company for the year ending March 31, 2007
 
 2008
 
 - Andhra Sugars Board recommends dividend  of 50% for the year
 2007-08.
 
 2009
 
 - Andhra Sugars Board recommends Dividend  of Rs 6/- per share for
 the year 2008-09.
 
 2010
 
 - Andhra Sugars - Board recommends Dividend of Rs. 5/- per share on
 Equity Shares of the Company for the year ending March 31, 2010
 
 2011
 
 - Dr. B.B.Ramaiah has been appointed as chairman & Managing Director
 of the Company with effect from 1st November, 2011
 
 2012
 
 - 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.
 
 2013
 -Andhra Sugars has recommended a Dividend of Rs. 6/- per share on
 Equity Shares.
 
 2014
 -Andhra Sugars have recommended a dividend of Rs. 5/- per share on
 Equity Shares.