Riga Sugar Company Share Price
|Chairman & Managing Director||O P Dhanuka|
|Independent Director||Sulekha Dutta|
|Independent Director||Dilip Kumar Datta|
|Director||N K Parasramka|
|Addtnl Independent Director||P J Bhide|
|Company Secretary||B K Bhartia|
Incorporated in Sep.80, Riga Sugar Company (RSCL) is a wholly owned subsidiary of The Belsund Sugar & Industries (BSIL). The sugar mill of RSCL, which was established in 1932 was under BSIL and was transferred to the company from Oct.81. The sugar factorys (inst. cap. : 800 tcd) capacity was increased to 1000 tcd in 1954 and to 1219 tcd in 1964. In 1987, the mill was modernised and expanded the capacity to 2000 tcd.The companys major products are sugar and non-potable ethyl alcohol. Ethyl alcohol derived from molasses finds wide use in both the potable and industrial sectors. It is also used as feedstock in producing acetaldehyde, acetic acid, acetic anhydride, acetone, ethylene, butadiene, etc. In 1987, modernisation-cum-expansion programme to increase the capacity to 2000 tcd was completed.The company came out with a public issue (premium : Rs 40) in Jul.94 to part-finance the expansion of its sugarcane crushing capacity from 2000 tcd to 2500 tcd and to diversify by setting up a 50-klpd ethyl alcohol plant to produce value-added products from the by-product. The distillery division has started its operations in September,1995.The installed capacity of sugar was increased from 2500 TCD to 3500 TCD during 1999-2000.During 2000-2001 the company has installed Wireless communication system for connecting the Cane Centres and Areas with the Sugar Factory so as to have smooth communication with the Cane Growers.