Vishwaraj Sugar Industries Share Price

Vishwaraj Sugar Industries Limited was incorporated with the name of Vishwanath Sugars Limited on May 2, 1995. The name of the Company was changed to Vishwanath Sugar and Steel Limited dated December 28, 2010 and was further changed to Vishwaraj Sugar Industries Limited on November 29, 2012, with due approval from the Registrar of Companies.The Company is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the High Recovery zones for sugar production by Government of India. The Company operates a cane crushing capacity of 11000 TCD, ethanol production capacity of 100 Kilo Liters Per Day (KLPD) and power generation capacity of 36.4 MW. The Companys operations comprises of Production of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor (IMFL), vinegar and generation of power.In 2001, the Company commenced commercial operations for their Distillery segment commenced operations for the Sugar segment and Cogeneration segment in 2006 commenced operations for the Indian Made Liquor segment in 2008. In 2009, the cogeneration power plant Unit II commenced. Further, Manufacturing of Indian Made Liquor brands of the Company commenced at Yelahanka, Bangalore.In 2016, the Vinegar segment commenced commercial operations. The Company entered into Public Private Agreement (PPA) with Bangalore Electricity Supply Company Limited (BESCOM), Mangalore Electricity Supply Company Limited (MESCOM), Gulbarga Electricity Supply Company Limited (GESCOM), Hubli Electricity Supply Company Limited (HESCOM) and Chamundeshwari Electricity Supply Corporation Limited (CESC, Mysore) in 2017.In 2018, the Company began construction work for increase in capacity of the Distillery unit from 35 KLPD to 100 KLPD. In October 2019, the Company came up with an IPO of 1,00,00,000 Equity Shares comprising a Fresh Issue of 30,00,000 Equity Shares and an Offer for Sale of 70,00,000 Equity Shares.The Company added its sugarcane crushing capacity from 8500 TCD to 11000 TCD in 201920. The Company expanded the distillery capacity to 250 KLPD from 100 KLPD, thereby increasing the ethanol production in 202425.