The Ravalgaon Sugar Farm Share Price

The Ravalgaon Sugar Farm Limited, promoted by the Walchand group, manufactures crystal sugar, candy sugar, confectionery and industrial machinery at its factory located in Ravalgaon, near Nashik. The Company was incorporated on 8 February, 1933. It operates two segments viz. Sugar and Confectionery. It has stateoftheart factory has multiple highspeed cooking, forming and packaging lines for hardboiled sweets and toffees. The hardboiled sweets are dieformed, with the option of soft center fillings. They are wrapped using doubletwist, singletwist and flow pack (pillow pouch) techniques. The toffees are cut and wrapped with doubletwist wrapping.In 1996, the company crushed 3.92 lac MT of sugarcane and produced 4.17 lac bags of sugar at the rate of 10.61% recovery and produced 4870 bags of candy sugar. It produced 6212 MT of confectionery during 199596.Modernisation of the companys confectionery unit was completed during the year 199596. The Sugar Industry in India came was regulated by the Government. Being an agrobased industry, performance was largely dependent on weather and rainfall in the area of operation. However the prices of sugar were extremely unfavorable. The sales of confectionery division also got affected by various factors like competition, increase in costs, etc. Sugar Industry by nature is a seasonal industry, dependent on the sugarcane crop. Sugarcane needs good rainfall. The rainfall was not satisfactory resulting in lower availability of sugarcane.The Company has entered into a deed of assignment with Reliance Consumer Products Limited for assigning trademarks, recipes including packaging, packaging design, and labeling aspects, and all other intellectual property rights relating to the companys sugar boiled confectionery business in FY 202324.