Andhra Sugars Ltd Company History

The second sugar factory of the Tanuku-based Andhra Sugars at Taduvai village in West Godavari district began commercial production. The factory was set up at a cost of Rs.60 crore with a crushing capacity of 2 500 tonnes a day.

45,20,000 equity shares (prem. Rs 25 per share) issued on converions of detachable trade warrents.

Crisil has downgraded the rating assigned to the non-convertible debenture issue of Andhra Sugars Ltd (ASL) from A+ to A-.

1999 - As in the previous season the Sugar Unit at Taduvai is entitled

for 100% Free Sugar sale.

Performance of Chemical Units at Kovvur and Tanuku was

satisfactory. Sulphuric Acid Unit achieved more than 100%

capacity utilisation.

The Company commenced work on Year 2000 (Y2k) compliance. The

effect of Y2K on Data processing Software, Hardware, Operating

Systems, Process Control Systems has been evaluated and the

systems likely to be affected are identified.

Life Insurance Corporation of India as on 31-Aug-2002 holds 22,73,444 equity shares amounting to 8.39% paid-up equity capital of the company.

Completes 55 years of existence without any strike or unrest by employees

Offered Rs 36 crore for West Godavari Cooperative Sugars Ltd

Andhra Sugars Ltd (ASL) and Krebs Bio Chemicals (KBC) have entered into sale and purchase agreement with the loss-making co-operative units of West Godavari Cooperative Sugar Factory Ltd and NVR Cooperative Sugar Factory Ltd in Bhimadolu in West Godavari and Jampani in Guntur district

Andhra Sugars Ltd has registered a growth of 18.29 per cent in turnover and 56.01 per cent in net profit for the third quarter ended December 2004 of the current fiscal.

Andhra Sugars Ltd reports net profit Rs 69.54 crore (Rs 43.82 crore), yielding an EPS of Rs 21.96 (Rs 18.09) on an equity of Rs 27.11 crore.

Andhra Sugars Ltd recommended a Dividend of 75%

Andhra Sugars Board recommends dividend f 60% on Equity Shares of the Company for the year ending March 31, 2007

Andhra Sugars Board recommends dividend of 50% for the year 2007-08.

Andhra Sugars Board recommends Dividend of Rs 6/- per share for the year 2008-09.

Andhra Sugars - Board recommends Dividend of Rs. 5/- per share on Equity Shares of the Company for the year ending March 31, 2010

Dr. B.B.Ramaiah has been appointed as chairman & Managing Director of the Company with effect from 1st November, 2011

Shri P. Narendranath Chowdary has been appointed as Managing Director of the Company with effect from 1st April, 2012

he Andhra Sugars Ltd recommended a Dividend of Rs.7/- per share on Equity Shares of the Company for the year ending March 31, 2012.

Andhra Sugars has recommended a Dividend of Rs. 6/- per share on Equity Shares.

Andhra Sugars have recommended a dividend of Rs. 5/- per share on Equity Shares.

The Company has splits its face value from Rs. 10/- to Rs. 2/-.