240.21 -1.79(-0.74%)
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Uttam Sugar Mills Limited was incorporated on October 4, 1993 as 'Associated Sugar Mills Limited'. Initially, the company was promoted by M K Swarup and his family. In the year 1998, Uttam Group acquired the 100% shareholding in the company from the erstwhile promoters and gained overall control of the company. Subsequently, the name of the company was changed from Associated Sugar Mills Limited to Uttam Sugar Mills Limited with effect from November 24, 1998.Presently, the Company operates in the sugar industry and manufacture white sugar. They belong to Uttam Group of Companies promoted by the Adlakha family. The Company has four sugar plants out of which three plants are in Uttar Pradesh and one plant is in Uttarakhand. These plants have an aggregate sugarcane crushing capacity of 26,200 TCD per day. It also produces 'Ethanol' at its Barkatpur and Libberheri Plant and having aggregate installed capacity of 300 Kilo Litres Per Day (KLPD). In order to reduce dependence on sugar sector cyclicality, the company has diversified into ethanol production. The Company is also having co-generation facility of 122 MW capacity producing power from Bio- mass. In January 2001, the company set up their first sugar unit at Roorkee, Uttarakhand for manufacturing sugar using double sulph...