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Upper Ganges share price today (on 22 March 2023).
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Live Chart - Upper Ganges Sugar & Industries Ltd
BSE: 530505 | NSE: UPERGANGES | ISIN: INE018B01012Market Cap: [Rs.Cr.] 60 | Face Value: [Rs.] 10
Industry: Sugar
A KK Birla group company, Upper Ganges Sugar & Industries has manufacturing units in Seohara, Uttar Pradesh, and Sidhwalia, Bihar.The activities of UGS include the manufacture and sale of sugar,industrial alcohol and tea. Sugar which constitutes 82.91% of its sales is produced in two factories situated at Seohara in UP and Sidhwalia in Bihar. In 1995, the company completed Rs. 70-cr expansion project by increasing the crushing capacities of its two plants which got fully completed in 1997-98.
The company came out with a rights issue to finance this project. The Company has increased installed capacity of Sugar (Bagged) by 32500 Qtls, Crushing per day. It has also installed a plant of Carbondioxide with an installed capacity of 13200 MT. The company's expansion cum modernisation of its sugar factory at Sindhwalia(Bihar) to 2500 tcd at a cost of Rs. 30 cr was completed and the commercial production has started during the season 2001-02.
The 12.5% Cumulative Redeemable Preference Shares aggreagting to Rs. 300 lakh which were allotted through private placement basis was redeemed during 2001-02.
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