Sri Sarvaraya Sugars Limited was incorporated on 14th September 1956 as a Public Limited Company, under the Companies Act, 1956 and a Certificate of Commencement was issued on 20th March 1957 from Registrar of Companies, Madras.It is an Indian Non-Government Company. It is classified as 'company limited by shares'. The securities of the company are in the process of being listed in Metropolitan Stock Exchange of India Limited.It is majorly in Agriculture and Allied Activities business and currently, company operations are active. The Company is engaged in the business of manufacturing sugar, industrial alcohol, generation of power, carbonated and non-carbonated soft drinks, packaged drinking water and others.
CIN of Sarvaraya Sugars |
L01115TN1956PLC00343 |
Registration Date of Sarvaraya Sugars |
14th September 1956 |
Category/Sub-category of Sarvaraya Sugars |
Limited by Shares/ Non-govt company |
Sarvaraya Sugars Registered office address and contact details |
Sri Sarvarya Sugars Ltd, 12 Ethiraj Salai Egmore, Chennai - 600 008 |
Sarvaraya Sugars Registrar and Transfer Agent address and contact details |
integrated Registry Management Services Private Ltd 2nd Floor,"Kences Towers" No.1, Ramakrishna Street, North Usman Road, T.Nagar, Chennai 600 017 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Aerated Drinks |
11041 |
88.68 |
|
Industrial Alcohol |
11019 |
8.71 |
|
Sugar |
10721 |
2.17 |
|
Electricity and others |
35106 |
0.44 |
Shri P.S Kumar Chairman, lndependent Director
Smt.Rajarajeswaramma Sribalusu, Managing Director
Dr. S.B.P.P.Rammohan, Managing Director
Sri. S.B.P.S.Krishna Mohan, Managing Director
Sri. S.B.P.Madan Mohan, Executive Director
Sri. S.B.P.Anand Mohan, Executive Director
Sri. Sanjay Sribalusu, Director - Operations
Sri. R. Sudhakar Choudary, lndependent Director
Sri V.S.N. Murthy, lndependent Director
Sri G.V.R.S Manian, lndependent Director
Mrs. Lakshmmi Subramanian, Non-Executive Director
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoter Group |
22,85,873 |
74.99% |
|
2 |
Public Shareholding |
7,62,211 |
25.01% |
|
|
Total |
30,48,084 |
100.00% |
The company has two operational Divisions, (i) Distillery Division, and (ii) Beverage Division.
Distillery Division:
Ethanol Blending Program: With the rising internal fuel prices impacting our Current account deficit (CAD) and to reduce pollution, the Government of India (GOI) has been very keen on implementing the national Bio-fuel Policy 2018 of the Ethanol Blended Petrol (EBP) program to achieve 10% by 2022 and 20% by 2030. The GOI had achieved the E10 program i.e.; 10% Ethanol blending with petrol by April 2022 almost five months ahead of the scheduled target date. With this confidence, the E20 program has been advanced to 2025 where 20% Ethanol shall be blended with petrol which will result in huge savings in foreign exchange. Along with pollution control, the use of Ethanol for mobility will help in lowering India’s crude import bill of Rs. 16 trillion, as India consumes about 30% of the world’s fossil fuel.
To achieve the target of 20% blending by 2025 and to increase Ethanol production in the country, the GOI has announced financial assistance by way of soft loans through banks to enhance the capacities of existing Ethanol plants and to install new Ethanol plants with incineration boilers to meet Pollution norms. The GOI has announced assistance not only to molasses based captive distilleries but also stand alone distilleries with feedstock of either molasses, grain or bamboo. The GOI will provide interest subvention for five years and one year moratorium to such loans by paying interest at a maximum of 6% or 50% of the interest as charged by the lending bank whichever is lower. The GOI is also encouraging to have a tripartite agreement between the Banks, OMCs and the borrower (Ethanol supplier) for repayment guaranty to the banks.
The declining availability of Sugarcane in the Southern states especially Andhra Pradesh and consequently the availability of sugar molasses has become a big challenge. Hence, sugar mills having distilleries may be converted to grain-based distilleries or arrange to operate at dual mode, since the back end equipment will be suitable for the grain based operation. Only the front-end machinery is to be added to convert the existing molasses based distilleries to grain based distilleries. Your Company is now embarking on setting up a green field project of 150 KLPD grain based (Broken Rice or Maize) Ethanol plant at its current premises at Chelluru, Andhra Pradesh which is the heart of the rice growing belt in the Country.
Beverage Division:
The Beverage Division of the Company is an Authorized Bottler of The Coca-Cola Company, USA (TCCC) to manufacture and distribute various Carbonated and Non-Carbonated Soft Drinks and Packaged Drinking Water products with the brands of TCCC in the East Godavari, Konaseema and Eluru Districts of Andhra Pradesh and Khammam and Bhadradri Kothagudem Districts of Telangana. The Division manufactures various products under Brand names of Coca-Cola, ThumsUp, Sprite, Fanta, Limca and Kinley Soda in the Carbonated segment and Maaza, Maaza Refresh, Minute Maid Apple and Minute Maid Tropical Mixed Fruit in the Juice segment. The Division also manufactures Kinley Packaged Drinking Water. These products are manufactured at its four manufacturing Units located in Andhra Pradesh and Telangana. Apart from distributing the manufactured products, the Division also distributes other products of TCCC, such as Georgia Coffee, Smart Water and Schweppes in its authorized territory by sourcing from other Authorized Bottlers of TCCC. The Division is also a Distributor for Monster products.
