Bajaj Hindusthan Sugar Ltd
NSE: BAJAJHIND BSE: 500032
₹21.45
-0.61 (2.77%)
Fri, 23 Oct 2026, 06:48 pm
Market Cap (in Cr)5274.66
PE Ratio31.96
Dividend0
Process Industries
Agricultural Commodities/Milling
24.5KBajaj Hindusthan Sugar Ltd Company History
1931
- Incorporated as The Hindusthan Sugar Mills Limited on November 23.
- Established sugar plant at Golagokarannath with 400 TCD capacity.
1944
- Commenced distillery production at Golagokarannath.
1960
- Set up first full-scale Primary Effluent Treatment Plant.
1968
- Offered 48,000 'A' preference shares and 24,000 rights equity shares.
1969
- Issued 84,000 bonus equity shares in 1:3 proportion.
1972
- Issued 84,000 bonus equity shares in 1:3 proportion.
1980
- Commissioned cement factory at Udaipur on March 26.
1982
- Issued 112,000 bonus equity shares in 1:3 proportion.
1985
- Commissioned 1,250 TCD sugar factory at Sampornanagar.
- Installed stack reclaimer and 8 MW diesel sets.
- Issued 112,000 bonus equity shares in 1:4 proportion.
1988
- Changed name to Bajaj Hindustan Ltd. on June 27.
1989
- Issued 1,000,000 14% secured redeemable NCDs on rights basis.
1990
- Cement division faced stabilisation delays and labour issues.
- Construction Boards Ltd. became subsidiary.
1991
- Amalgamated Sharda Sugar & Industries Ltd. effective April 1, allotted 146,246 shares.
- Suspended plant operations in May-June and December-January.
- Entered agreement to sell cement plant for Rs 147.5 crore.
- Issued 2,873,000 12.5% FCDs and 1,425,000 14% NCDs on rights basis.
1992
- Industrial alcohol production at 150 lakh and 142 lakh litres.
- Installed 526 shallow borings and 135 pump sets for irrigation.
- Installed 21 India Mark II hand pumps with CAPART assistance.
- Installed 90 subsidised hand pumps.
- Installed Primary and Secondary effluent treatment plants.
1993
- Signed sale agreement for cement plant on June 10.
1994
- Industrial alcohol production declined to 65 lakh and 38 lakh litres.
1995
- Issued 2,986,600 equity shares on conversion of 12.5% FCDs.
- Received Letter of Intent for 2,500 TCD sugar plant at Shardanagar.
1996
- Installed 3,000 m² falling film evaporator body.
- Installed 1,600 m² evaporator body for continuous operation.
1997
- Commissioned Palia boiler and power station upgradation in February.
- Conducted varietal trials with Indian Institute of Sugarcane Research.
- Research farm won 2nd state prize with 189 ton/ha yield.
- Installed energy-efficient condensers and 3 MW turbo generator.
- Commissioned 120 ton strike pan for C massecuite.
1998
- Golagokarannath plant started crushing on November 22 at 9,000 TCD.
- Paliakalan plant started crushing on November 30 at 7,000 TCD.
- Launched Minikit scheme distributing early variety saplings to farmers.
- Treated 704 tonnes sugarcane seed and supported irrigation for 5,000 Ha.
- Installed 3,000 m² dynamic Semikestner evaporator.
- Commissioned 120 ton strike pan and two continuous centrifugals.
1999
- Gola and Palia units introduced early high-yielding sugarcane varieties at 20% and 10%.
- Entered agreement with NSDL for dematerialised shares effective February 15.
- Affected by heavy floods in Gola and Palia areas.
- Partnered with Family Planning Association of India, opened project office at Gola.
- Commissioned 750 m³/day biomethanation plant for distillery spent wash.
2002
- Bajaj group acquired 9.5% stake from UTI for Rs 7.9 crore.
- Promoter group increased stake to 45.677% via off-market purchases on August 19.
2003
- Re-appointed Shishir Bajaj as Managing Director for 5 years w.e.f. July 1.
- Acquired 5,000 TCD Monnet Sugar plant in UP.
- First unit crushed 20 million quintals of cane in 2002-03 drought year.
- Achieved record profit of Rs 283.51 million in FY 2003.
2004
- Overtaken Balrampur Chini Mills as India's most profitable sugar company.
- Secured Rs 400 crore term loans from SBI.
- Planned acquisition of 24 UP sugar mills.
- Commissioned 7,000 TCD sugar plant near Meerut in November.
2005
- Raised US$100 million through GDRs and FCCBs.
- Acquired Pratappur Sugar & Industries.
- Commissioned three new sugar plants.
2006
- Established 100% subsidiary for Medium Density Fibre and Particle Boards.
- Achieved 180% increase in net profit.
- Raised US$255.604 million through GDRs and FCCBs.
2007
- Appointed Kushagra Bajaj as Joint Managing Director for 5 years w.e.f. April 24.
- Appointed Kausik Adhikari as Compliance Officer w.e.f. August 1.
2008
- Planned entry into infrastructure sector.
2009
- Appointed Dr. Sanjeev Kumar as Whole-time Director.
2010
- Signed MOU with UP Government for 1980 MW power project.
- Signed MOU with UP Government for 1980 MW thermal power project in Bargarh, Chitrakoot District.
2011
- Board recommended 40% dividend.
- Issued rights shares in 2:1 ratio.
2012
- Kushagra Bajaj embarked on power sector initiatives.
- Board recommended 10% dividend.
2013
- Elected Kushagra Bajaj as CMD.
2014
- Shifted registered office to Golagokarannath, Lakhimpur-Kheri, Uttar Pradesh.
2015
- Changed name to Bajaj Hindusthan Sugars Ltd.
2023
- Acquired 98.01% shareholding of Phenil Sugars Limited.
2024
- Ranked among Top-10 Global Sugar Producers per S&P Global Platts Report.
- Partnered with EverEnviro to produce Compressed Biogas.
- Bagged 'Largest Integrated Sugar Mills in India' Award.
