Riga Sugar Company Ltd

Riga Sugar Company Ltd (507508)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.27 %
3 Month Return-32.59 %
1 Year Return-34.81 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 458
Rank 463
Rank 529
Dividend Yield
Rank 186
Rank 591
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

Incorporated in Sep.80 Riga Sugar Company RSCL is a wholly owned subsidiary of The Belsund Sugar Industries BSIL. The sugar mill of RSCL which was established in 1932 was under BSIL and was transferred to the company from Oct.81. The sugar factorys inst. cap. : 800 tcd capacity was increased to 1000 tcd in 1954 and to 1219 tcd in 1964. In 1987 the mill was modernised and expanded the capacity to 2000 tcd.The companys major products are sugar and nonpotable ethyl alcohol. Ethyl alcohol derived from molasses finds wide use in both the potable and industrial sectors. It is also used as feedstock in producing acetaldehyde acetic acid acetic anhydride acetone ethylene butadiene etc. In 1987 modernisationcumexpansion programme to increase the capacity to 2000 tcd was completed.The company came out with a public issue premium : Rs 40 in Jul.94 to partfinance the expansion of its sugarcane crushing capacity from 2000 tcd to 2500 tcd and to diversify by setting up a 50klpd ethyl alcohol plant to produce valueadded products from the byproduct. The distillery division has started its operations in September1995.The installed capacity of sugar was increased from 2500 TCD to 3500 TCD during 19992000.During 20002001 the company has installed Wireless communication system for connecting the Cane Centres and Areas with the Sugar Factory so as to have smooth communication with the Cane Growers.
OrganisationRiga Sugar Company Ltd