Davangere Sugar Company Ltd Share Price

Davangere Sugar Company Limited (DSCL) was incorporated in the year 1970 as Joint Sector Company by Karnataka Agro Industries Corporation Limited, Karnataka State Small Industries Development Corporation Limited, IDBI, ICICI, IFCI and local farmers with initial equity capital base of Rs 1.6 Crores. The Company is a prominent player in the sugar business, boasting a present capacity of 4750 TCD (Tonnes of Cane Crushed per Day) at its sugar plant. The Company's sugar unit buildings span an extensive area of approximately 2,83,874 square feet. Additionally, the company has established 5 large warehouses, with a combined capacity to store 6 lakh quintals of sugar, ensuring efficient storage and distribution capabilities. The company commenced commercial operations in October 1974 with an installed capacity of 1250 TCD. Owing to continuous losses, the company was declared a sick unit during the year 1986-87. Subsequently, with the debt restructuring and support from financial institutions, the company came out of BIFR in 1996. In the year 1995, Shamanur group along with persons acting in concert took over the controlling stake in the company. From the year 1998 till 2004, the company had expanded their capacities from 1250 TCD to current level of 3500 TCD. In the year 2003, the company installed their 24.5-MW cogeneration unit with an investment of Rs 80 crore. This was completed within a year - the lowest time period achieved in India. Also, the company is the first in Karnataka to install a high-pressure/ temperature configuration of 86.5 kg/ sq cm pressure and 515 degree celcius temperature in a sugar cogeneration unit. During the year 2003-04, the company increased the production capacity of sugar by 1,000 TCD to 3,500 TCD. In March 24, 2004, they started commercial operation of power. During 2006-2012, the Company expanded cane-crushing capacity from 2,500 TCD to 4,750 TCD. Also, the Refined sugar manufacturing unit was expanded with 500 TCD in 2012. The Management commenced commissioning of Molasses based Ethanol unit in April 2021 and started the commercial production on June 1, 2022. The Crushing Operations commenced from 09.10.2021. In 2022, Company installed molasses/sugar syrup and grain-based Ethanol unit with installed capacity of 65 KLPD and started commercial production from Q1FY23. Company is undertaking a major expansion of the grain distillery operations, expanding existing 65 KLPD to 80 KLPD. It is adding an additional 45 KLPD grain-based unit at a project cost of Rs. 54 crores. In addition to our distillery expansion, the Company is also committed to revolutionize the sugarcane cultivation in the regions of operations.