Andhra Sugars (ANDHRASUGAR) was founded by the late Pendyala Sri Ramachandra Venkata Krishna Ranga Rao on August 11, 1947. It is a diversified company which is primarily engaged in the manufacture and sale of sugar, organic and inorganic chemicals. ANDHRASUGAR produces sugar, acetic acid, industrial alcohols, sulphuric acid, super phosphates, chlorosulphonic acid, oleum, aspirin, carbon dioxide, alum, diffusers, equipments, unsymmetrical dimethyl hydrazine, cotton seeds etc. It is also involved in richburn and oil cakes processing, refinery, hydrogenation of oils, cattle and poultry feed, wind power, electricity etc. Plants are located at Tanuku, Kovvur, Guntur, Taduvai, Saggonda and Bhimadole in Andhra Pradesh. The present 2,500 TCD capacity at Taduvai is to increase to 5,500 TCD and the 3,500 TCD capacity of Bhimadole plant will go up to 6,000 TCD. Andhra Sugars has integrated inorganic chemical complexes at Kovvur and Saggonda and produces oils and byproducts in Guntur.
It generated 2.3 MW of electricity in Taduvai. Non-conventional wind power is generated at Ramagiri (2.35 MW) in Andhra Pradesh and Veeranam, Tamil Nadu (6.6 MW). ANDHRASUGAR has expanded capacity of the caustic soda plant at Saggonda by 350 TPD and installed a 300-TPD sulphuric acid plant in Saggonda. ANDHRASUGAR`s subsidiaries include JOCIL, The Andhra Farm Chemicals Corporation and Hindustan Allied Chemicals. Andhra Sugars bagged a contract from liquid propellant system centre (ISRO) to establish a plant for production and supply of liquid hydrogen. The company received the USFDA and EDQM (European Directorate for Quality Medicines) approval and exports of aspirin to US, Mexico, Taiwan, Australia, and other European countries. The registered office is at Venkatarayapuram, West Godavari district, Tanuku, India.
Financials
The company announced rise of 60.31% in standalone net profit on y-o-y basis to Rs 202.17 million, while total income increased 12.67% y-o-y basis to Rs 1.43 billion for the quarter ended March 2011.
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