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OBJECTIVE
We aim to be the most Profitable, Expansive in the Industrial Field
& outstanding in Quality. We believe in Excellence and aim for
the Best.
Our
Status
Cement
Division
The 17 MW Bagasse based Cogeneration Plant commenced its commercial
operations w.e.f. 12th April, 2002, thus completing about an year
of commercial operations.
During the year
under review, the Power Division has generated 12,25,24,338 KWH
of power. The profit for the Division was Rs.796.00 Lakhs.
Sugar
Division
Similarly, sugar plant also operates at optimum capacity and has
installed capacity of 3,200 tcd.
Power
Division
The
17 MW Bagasse based Cogeneration Plant commenced its commercial
operations w.e.f. 12th April, 2002, thus completing about an year
of commercial operations.
During the year
under review, the Power Division has generated 12,25,24,338 KWH
of power. The profit for the Division was Rs.796.00 Lakhs.
Current
Year Outlook
Cement
Division
In the first three months of the current year i.e. April-June, 2003,
the production of cement was 74,634.879 MT as against 79,734.107
MT of the first three months of the previous year. Further, the
realisation of prices in the first quarter has not been encouraging.
Your Directors hope to achieve better price realisations during
the remaining part of the current year.
Sugar
Division
In spite of various measures taken by the Government of India, the
prices of sugar have not improved for most part of the year. However,
as per the recent regulations of the government for creation of
buffer stock of sugar, sugar prices have started improving, which
would be reflected in the financial statements of the current year
only.
Power
Division
Good performance of the Power Division is expected to continue,
with the continuing encouraging policies of the Government, both
at the Centre and the State levels.
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