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Dhampur Sugar Mills > Company History > Sugar > Company History of Dhampur Sugar Mills - BSE: 500119, NSE: DHAMPURSUG
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Dhampur Sugar Mills

BSE: 500119|NSE: DHAMPURSUG|ISIN: INE041A01016|SECTOR: Sugar
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Company History - Dhampur Sugar Mills
YEAR                                                           EVENTS
 1933 - The Company was incorporated on 22nd May at Luknow.
 
 1984 - Working of the straw board and the paper units suffered due
 to
 power contraints.
 
 - 12,299 Preference shares and 15,587 equity shares allotteed till
 date. Out of these, 12,0497 shares issued as bonus shares.
 
 1986 - The working of the unit was satisfactory.  The licensed and
 installed capacity of the unit was increased from 4,000 tonnes
 per day to 5,000 tonnes per day during the year.
 
  - The working of the paper and the straw board units continued to
 be affected due to power problems.  The workers of these units
 were laid off from 21st July to 15th December 1986 inorder to
 undertake certain modifications in the plant and machinery and
 to instal a large capacity of bagassee fired boiler.
 
 - The plant and machinery of the sugar mills unit at Dhampur were
 revalued as on 31st December.  The net surplus Rs 995.46 lakhs
 arising out of this was credited to capital reserves.
 
 1987 - Sir Shadi Lal Sugar & General Mills, having a capacity of
 1,800
        tonnes per day was taken over by the Company on lease for a
        period of 5 years with effect from 1st July.
 
      - Working of the straw board unit showed improvement with
        installation of a bigger capacity in June 1987.  However,
        working of the Pragati papers units was adversely affected
 due
        to stiff competition.
 
 1988 - In (15 months), the straw board unit increased production by
        about 63% over the previous year when compared on an
 annualised
        basis.  However, working of the Pragati paper unit was
        unsatisfactory owing to uneconomic size and stiff
 competition.
 
      - Equity shares sub-divided.  All pref. shares redeemed by
 issuing
        1,22,990 equity shares of Rs 10 each in lieu in January 1989.
        3,21,140 equity shares issued at par of which 1,21,140 shares
        allotted to an associate company and 2,00,000 shares issued
 to
        the public.
 
 1989 - The Company acquired on 10th February, a new unit with a
 capacity
        to manufacture 30 tonnes per day of bleached and unbleached
        varieties of paper.  The new unit situated at Sikandarabad
 was
        acquired from Ansal Properties and Industries Ltd., and Ansal
        Fibres and Papers Ltd.
 
      - A new project for the manufacture of acetic acid and acetic
        anhydride was being set up at Dhampur.
 
      - 6,00,000 Bonus shares issued in proportion 1:1 in March 1990.
 
 1990 - The Company undertook to set up a new sugar plant of 2500 TCD
        capacity at Rauzagaon in the Barabanki district of U.P.
 
      - The Company undertook to modernise its existing sugar factory
 at
        Dhampur at a total cost of Rs 872 lakhs.
 
      - The Company's modernisation programme involving installation
 of
        balancing equipoment neared completion.
 
 1991 - In (18 months), production and efficiency had been further
        improved and the working results were better in terms of
        production, capacity utilisation and sales.  During the year,
 the
        acetic acid plant commenced production.
 
      - The manufacture of acetic acid and acetic anhydride project
        at an estimated cost of Rs 12.90 crores was commissioned in
        March.  The production was disrupted due to non stabilisation
 of
        the plant.  The plans has since then been stablished and
        production of acetic acid has commenced.  However, Encilium
        proceess of fermentation of molasses had since then been
        stabilised and and a few balancing eqiupments installed to
        increase productivity.  The acetic acid plant commenced
        production but the acetic anhydrice plant could not be
        commissioned.  During the year the Company entered into an
        agreement with NCL according to which, the Company will be
        rewarded by consultancy fees, if the same process is utilised
        by any other unit with the assistance of NCL.
 
      - The Company undertook to set up a project to manufacturing
        Praticle Board at Aghwanpur in the Moradabad district of U.P.,
 in 
        technical collaboration with Compak System, U. K.  The
 project
        is to utilise bagasse, the Company's by-product.
 
      - The Company proposed to undertake the following: (i)
 Expansion
        of Rauza plant from 2,500 to 5,000 TCD.  (ii) Doubling the
        capacity of the Chemical plant.  (iii) To increase the
 capacity
        of paper mill to 60 TPD.  (iv) Expansion of Kashipur crushing
        capacity to 4,000 TCD.
 
      - 12,00,000 Bonus equity shares issued in prop. 1:1, 20,44,400
        equity shares allotted (Prem. Rs 80 per share in conversion
 of
        debs.
 
 1992 - The Company made a public issue of 4,08,875-14% secured fully
        convertible debentures of Rs 180 each during January, of
 which
        44,425 debentures were issued on preferential allotment basis
        to employee (including Indian working directors)/workers of
 the
        Company.  Unsubscribed portion, if any, from employees' quota
        was to be added to public issue.
 
 1993 - The recovery of sugar and availability of cane was better
        compared to previous year.  The Dhampur unit acquired the
        distinction being the first sugar unit in private sector to
        generate surplus power through co-generation and supply of
 the
        same to the state grid.
 
      - The performance of the paper unit improved compared to
 previous
        year and all efforts were made to improve the working of the
        division.  The capacity utilisation was low during the year
 due
        to frequent power cuts.  The new unit for particle board
 started
        commercial production.  To increase the capacity utilisation
 and
        removal of some of the initial problem, necessary
 modifications
        were carried out.
 
      - Production at the chemical plant improved and a range of
 chemical
        were added.  But for shortage of molasses overall production
        would have improved still further.
 
      - The plant and machinery at the Smoli Unit were erected and
 trial
        production was expected to commence from October 1995
 onwards.
        The integrated sugar complex has been set up with 2500 TCD
        capacity and is expandable upto 5000 TCD.
 
     -  The Dhampur unit was further modernised to increase the
 capacity
        to 10,000 TCD while that of Ravzagaon unit to 5000 TCD from
 2500
        TCD.  In addition, alcohol capacity was also to be increased
 from
        70 KLD to 100 KLD with commensurate increase in the quantity
 of
        different chemicals.  It was proposed to set up a 6000 TPA
        capacity oxatic acid plant.
 
      - Steps were taken to instal a suitable power plant at one of
 the
        sugar factories of the Company to generate 25 mw of power
        cogenerating process and supply around 15 MW in season and
        25MW of power during off season.  In addition a MOU was
 signed
        with U.P. Government to set up 60 MW Naptha based power
 project
        in the State.
 
      - The Company offered deep discount bonds (15%) with detachable
        warrants on Rights basis in the proportion 1 bond : 5 equity
        shares held.
 
      - 22,22,200 Bonus equity shares issued propn. 1:2.  Another
        12,00,000 Equity shares allotted on excerise of warrants.
 
 1994 - Sugar production recorded the highest at 146.43 Lac Tonnes
        resulting in heavy carry over stocks with sugar prices
 coupled
        with unrestricted duty free imports resulting in depressed
 sugar
        prices.
 
 1995 - Performance of the company was satisfactory despite
        unfavourable whather conditions.  Exports stood at 14,007
 M.T.
        during the year.
 
      - 34,93,594 equity shares allotted on 1st conversion of
 warrants.
        Another 2,09,774 equity shares allotted on first conversions
        of CPNs.
 
 1996 - The overall production of sugar declined by 7% due to high
        inventory cost, low realisation of sugar prices and low
 average
        recovery as a result of enhanced crushing days.
 
      - Co-generation of power was commissioned at Dhampur and
 Asmoli.
 
      - 3,25,000 equity shares forfeited.
 
 1997 - The Oxalic acid plant was commissioned during the month of
 June.
 
 2001 - The Company has launched sulphurless sugar under the brand,
 Dhampure.
 
 2002
 
 -Dhampur Sugar Mills Ltd has informed that the Board of Directors on
 March 25, 2002 have allotted ten million equity shares on a
 preferential basis to Body Corporate / Individuals / NRI / OCB.
 
 -The issue of 80,98,663 equity shares of Rs.10/- each for cash at par
 aggregating to Rs.809.87 lacs on Right basis to the existing equity
 shareholders of M/s. The Dhampur Sugar Mills Ltd in the ratio of four
 equity shares for every thirteen equity shares (4:13) held. The Rights
 Issue has closed on December 09, 2003.
 
 2003
 
 -1. The matter of allotment of 80,98,663 equity shares on rights
 basis was deferred.
 
 2. Mr. D Ramarao, IFCI Nominee Director ceased to be a Director of
 the Company consequent to the withdrawal of the nomination by IFCI.
 
 2005
 
 -Dhampur Sugar enters into agreement with Balrampur Chini Mills
 
 2008
 
 - Dhampur Sugar Mills Ltd has appointed Mr. B B Tandon as additional
 Director with effect from January 28, 2008.
 
 -Dhampur Sugar Mills Ltd has informed that the name of the Company
 has been changed from The Dhampur Sugar Mills Ltd to Dhampur Sugar
 Mills Ltd w.e.f. May 28, 2008 as per the new certificate of
 incorporation issued by Registrar of Companies, Uttar Pradesh and
 Uttaranchal.
 
 2009
 
 -Dhampur Sugar Mills recommended Dividend @ 15% on Equity Shares
 
 2010
 
 -Dhampur Sugar Mills Limited has acquired Dhampur Sugar Distillery
 Private Limited. DSDPL has become the wholly owned subsidiary
 company.
 
 2011
 
 -Mr. R. K. Chaujar hads been appointed as nominee director on behalf
 of Punjab National Bank. 
 
 2012
 
 -Dhampur Sugar Mills recommended Dividend @ 12.50% on Equity Shares
 (Rs. 1.25 per share of Rs. 10 Each)
 
 2013
 -Dhampur international Pte Limited and  Dhampur Global Pte Limited 
 have become subsidiaries of Dhampur Sugar Mills Ltd.
 --Recommended revised dividend on 6% 413940 Cumulative Redeemable
 Preference Shares.
 
 2014
 -Board of Directors of the Company  has considered and approved
 Appointment of Ms. Nandita Chaturvedi as lndependent Woman Director
 of the Company.
 
 2016
 -Dhampur Sugar Mills has acquired 51 per cent stake in DETS. 
 -Dhampur Sugar Mills has promoted and incorporated a Wholly Owned
 Subsidiary in the name of EHAAT Ltd. with the objective of Rural
 Distribution Business of Consumer Products, particularly in Rural
 Areas.
 
Source : Dion Global Solutions Limited
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