Avadh Sugar & Energy Ltd Company Summary

Avadh Sugar & Energy Ltd Summary

Avad Sugar & Energy Limited (ASEL), is a part of the prestigious K. K. Birla Group of Sugar Companies. Established since 1932, the Group is in sugar business over 7 decades and consequent upon various schemes of merger and demerger, this Company was incorporated in March 19, 2015. The Company is an integrated sugar player dealing in sugar, spirits & ethanol, co-generation, sanitizer and other by-products. The Company has operations in India and is primarily engaged in the manufacture and sale of sugar and its by-products like molasses, bagasse and press-mud, spirits including ethanol and power. The integrated sugar units have been designed as such to achieve optimization in process efficiencies, increase sugarcane recovery and increase energy efficiency as well as to reduce steam and power consumption.The Company has four sugar mills at Uttar Pradesh and a combined crushing capacity of 31,800 TCD (tons of cane per day). It has two distilleries with a total capacity of 200 KLPD ( kilo litre per day) and co-generation facilities with capacity of 74 MW. The Company has ability to convert ethanol from molasses, enabling it to service operations, maintenance and construction (OMC) contracts. It has 74 MW of bagasse-based power capacity of which surplus power is sold to the Uttar Pradesh Power Corporation Limited.Consequent to a Composite Scheme of Arrangement approved by National Company Law Tribunal (NCLT) on 2nd March, 2017, and its filing with the Registrar of Companies, Kanpur on 23rd March, 2017, the residual, The Oudh Sugar Mills Limited (OSML) comprising of the business undertakings located at Hargaon, District Sitapur, Dhadha Bujurg (Hata), District Kushinagar and Rosa, District Shahjahanpur in the State of Uttar Pradesh and the residual Upper Ganges Sugar & Industries Limited (UGSIL) comprising of the business undertaking located at Seohara, District Bijnor in the State of Uttar Pradesh had been transferred and amalgamated with the Company from the Appointed Date i.e. 1st April, 2015. Thereafter, its shares are listed on National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Calcutta Stock Exchange (CSE) with effect from 28th July, 2017.During the year 2021, the Company had applied for voluntary delisting of equity shares of the Company pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations 2009. The same was approved and equity shares of the Company were delisted on Calcutta Stock Exchange (CSE) w.e.f February 19, 2021.