Andhra Sugars Ltd
NSE: ANDHRSUGAR BSE: 590062
₹85.63
+4.31 (5.30%)
Thu, 05 Nov 2026, 06:44 pm
Market Cap (in Cr)1100.68
PE Ratio11.02
Dividend1.23
Process Industries
Chemicals: Specialty
24.5KAndhra Sugars Ltd Company History
1947
- The company was incorporated at Tanuka, Andhra Pradesh.
1966
- The Caustic Soda and Chlorine Plant achieved more than 100% capacity utilisation.
1967
- 2,00,000 right equity shares were issued at par in the proportion 2:7.
1970
- 7,19,853 bonus equity shares were issued in the proportion 4:5.
1972
- 4,05,183 Equity shares were issued.
- 30,000 II Pref shares were allotted on 5th October.
1973
- The caustic soda unit II with a capacity of 70 tonnes per day was commissioned.
1974
- 405183 Equity Shares were issued.
- 12,14,910 bonus equity shares were issued in the proportion 3:5.
1976
- 1,05,660 equity shares were issued at par to IFCI on conversion of loans.
1978
- 1,06,000 equity shares were issued on conversion of 20% of the loan by financial institutions.
1981
- 20,70,852 bonus equity shares were issued in the proportion 3:5.
1983
- The Sugar and Chemical Machinary Division entered into an agreement with Reva Enviro Systems for Bicardi's waste water treatment system.
1984
- The plant was shut down due to acute shortage of alcohol.
1985
- The operations of the Acetic Acid plant were restarted.
- The first batch of 500kgs of propellant grade MMH was delivered to ISRO.
1986
- The Company concluded an agreement with ONGC for supply of natural gas.
- The Company was approved as a selling agent for marketing HEL-CES Monitoring system.
- The Company issued 4,00,000 non-convertible debentures of Rs 100 each.
1987
- The commercial plant for the manufacture of UDMH/MMH was set up.
- ONGC commenced supply of natural gas to Tanuku units.
- The industrial licence for the manufacture of superphosphate was approved.
1989
- The Company installed two 2270 KVA SKODA D.G. sets to meet power shortage.
- The Company was allotted 10 MW power by AP Gas Power Corporation Ltd.
- BIFR sanctioned the amalgamation agreement with Jayalakshmi Cotton and Oil Products Ltd.
1990
- 55,22,272 bonus equity shares were issued in the proportion 1:1.
- 2,52,000 equity shares were allotted without payment in cash to members of Jayalakshmi Cotton and Oil Products Ltd.
1991
- The Scheme of Amalgamation was approved by BIFR.
- 2,52,000 equity shares were issued to members of Jayalakshmi Cotton and Oil Products Ltd.
1993
- 112,96,544 bonus equity shares were allotted in the ratio 1:1.
1994
- The Company received a letter of intent from the Government to set up a 2,500 TCD sugar plant at Buttayagudem.
- The Company issued 45,20,000 non-convertible debentures along with detachable tradable warrants.
1996
- The Caustic Soda and Chlorine Units achieved more than 100% capacity utilisation.
- A new chemical complex was set up at Saygonda village.
1997
- The second sugar factory at Taduvai village began commercial production.
- 45,20,000 equity shares were issued on conversion of detachable trade warrants.
1998
- Crisil downgraded the rating assigned to the non-convertible debenture issue of Andhra Sugars Ltd from A+ to A-.
1999
- The Sugar Unit at Taduvai was entitled to 100% Free Sugar sale.
- The Chemical Units at Kovvur and Tanuku performed satisfactorily.
- The Company commenced work on Year 2000 compliance.
2002
- Life Insurance Corporation of India held 22,73,444 equity shares, amounting to 8.39% of the company's paid-up equity capital.
2003
- Andhra Sugars completed 55 years of existence without any strike or unrest by employees.
- Andhra Sugars offered Rs 36 crore for West Godavari Cooperative Sugars Ltd.
2004
- Andhra Sugars and Krebs Bio Chemicals entered into a sale and purchase agreement with West Godavari Cooperative Sugar Factory Ltd and NVR Cooperative Sugar Factory Ltd.
2005
- Andhra Sugars registered a growth of 18.29% in turnover and 56.01% in net profit.
2006
- Andhra Sugars reported a net profit of Rs 69.54 crore.
- Andhra Sugars recommended a dividend of 75%.
2007
- Andhra Sugars Board recommended a dividend of 60% on Equity Shares.
2008
- Andhra Sugars Board recommended a dividend of 50% for the year 2007-08.
2009
- Andhra Sugars Board recommended a dividend of Rs. 6 per share for the year 2008-09.
2010
- Andhra Sugars Board recommended a dividend of Rs. 5 per share on Equity Shares.
2011
- Dr. B.B.Ramaiah was appointed as Chairman and Managing Director of the Company.
2012
- Shri P. Narendranath Chowdary was appointed as Managing Director of the Company.
- Andhra Sugars recommended a dividend of Rs. 7 per share on Equity Shares.
2013
- Andhra Sugars recommended a dividend of Rs. 6 per share on Equity Shares.
2014
- Andhra Sugars recommended a dividend of Rs. 5 per share on Equity Shares.
2021
- The Company split its face value from Rs. 10 to Rs. 2.
2024
- The Company commissioned commercial operations of its new Salicylic Acid Plant.
