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Dharani Sugar & Chemicals (DHASUGCH) was incorporated in 1987 in Tamil Nadu and was promoted by Palani G. Periasamy and his associates. The company belongs to the PGP group, which comprises of Dharani Finance, Dharani Cements, Pallava Hotels and PGP International.
It is engaged in the manufacture of sugar and its by-products like bagasses and molasses, industrial alcohol, co-generation of power, and export of TNEB grids. The company`s sugar plants are located at Dharani nagar, Tamil Nadu; Polur, Tamil Nadu; and Shankarpuram, Tamil Nadu. The distillery plant is in Dharani nagar and co-generation power plant in Polur.
Its total installed capacity of sugar is 5,000 TCD, distillery 30 KLS per day and power co-generation 15 MW.
The company disclosed fall of 115.73% in standalone net profit on y-o-y basis to Rs 28.61 million, while total income declined 13.99% y-o-y basis to Rs 1.69 billion for the quarter ended June 2013.
Dharani Sugars & Chemicals announced that T Pitchandi IAS (Retd) has been appointed on the board of the company as additional director with effect from Sept. 23, 2013.
Dharani Sugars & Chemicals announced that its board of directors has recommended dividend of 10% or Rs 1 a share of Rs 10 each.
Aarey Drugs & Pharmaceuticals manufactures active pharmaceutical ingredients/bulk drugs and offers a range of products for diverse industrial applications, it lost total of 35.65% during last 5 weeks. Its share price as on Feb. 18, 2010 stood at Rs 34.3.
The company is planning to replace the hydraulic system with a DC drive and install spray injection system and VFDs in order to reduce maintenance cost and power consumption. Saving on power consumption alone is expected to be Rs 30 million per annum. The company has an export obligation of over 159,000 tons over the next three years but plans to meet its entire commitment sooner to take advantage of the prices.