Ugar Sugar Works rises on starting operations of Grain Based Distillery at Ugar Plant
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The Ugar Sugar Works is currently trading at Rs. 101.39, up by 1.15 points or 1.15% from its previous closing of Rs. 100.24 on the BSE.
The scrip opened at Rs. 99.46 and has touched a high and low of Rs. 102.70 and Rs. 99.46 respectively. So far 23001 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 116.00 on 19-Dec-2022 and a 52 week low of Rs. 43.10 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 104.46 and Rs. 95.75 respectively. The current market cap of the company is Rs. 1143.45 crore.
The promoters holding in the company stood at 44.35%, while Institutions and Non-Institutions held 0.95% and 54.70% respectively.
Ugar Sugar Works has started the operations of 250 KLPD (out of existing 845 KLPD) Grain Based Distillery at Ugar Plant during off season.
Earlier, the company had achieved a rated capacity of 800 KLPD ethanol on January 24, 2023. This pertains to the production of Ethanol from Cane Juice/ syrup during crushing season.
Ugar Sugar Works is the flagship company of the Shirgaokar Group of Companies. The company is the largest ‘single location’ manufacturer of sugar in Southern India with a licensed capacity of 10,000 TCD.
