Rana Sugars Ltd

About Rana Sugars Ltd  

In July 1991, Rana Sugars was founded, with 17.2% ownership held by Mr. Rana Gurjit Singh and his colleagues and 28.6% equity held by the Punjab Agro Industrial Corporation. In August 1993, the company announced the plan to build a 2500-tcd sugar mill with a 5 MW captive power generation. White crystal sugar, which is used in confections, medicines, and homes, is the company's principal product. The by-products are bagasse and molasses. Citric acid and alcohol are made with molasses. In addition to being used as fuel to produce steam and electricity, bagasse is a raw material in the paper industry. The company's location in Punjab, a state with a sugar deficit, gives them an advantage. Due to its wide range of business, some investors may be interested in Rana Sugars Ltd share price. You can find Rana Sugar share price BSE and NSE. 

History of Rana Sugars Ltd

The first company in North India to establish a cogeneration power project was Rana Sugars Limited, which started producing power in March 2002. The cogeneration plant is producing 14 MW of excess power after using its internal system to meet captive demand. The company began commercial production on March 2, 2006, when it opened a 60 KL distillery unit in the District of Tarn Taran. After being converted to produce ethanol, the distillery was originally contracted to make industrial alcohol and rectified spirit. The distillery was eventually extended as the need for ethanol increased several times over, and as a result, the plant's capacity was increased to 225 KLPD. Rana Sugars share price depends on the performance of these business operations. 

In its power unit at Village Buttar Seviyan, Punjab, it increased the cogeneration of power in 2007 by increasing its capacity from 20 MW to 30 MW. In addition, it began producing commercially at the sugar mill in the Uttar Pradesh village of Belwara. In its current sugar unit in Moradabad, the company established an additional 80 KLPD ethanol plant in 2018-19. These initiatives had an impact on its Rana sugar Ltd share price. You can check out Rana Sugar Mills Ltd share price in BlinkX.

Business Segments of Rana Sugars Ltd

Many investors are interested in investing in Rana Sugar share price today. The business segments of Rana Sugars Ltd are as follows.

Sugar

The rural economy depends heavily on sugar. To increase sugarcane yields and quality, the Rana group produces sugar maintaining close engagement with the farming community.

Alcohol

Various grades of alcohol, including drinkable grade Extra Neutral Alcohol (ENA) and Rectified Spirit (RS), are produced by the unit.  In the Punjab Medium Liquor (PML) industry, Rana Sugars Limited (RSL) holds a dominant market position. The company offers a variety of well-known spirits brands. Additionally, RSL is a preferred bottler for several well-known spirits companies. Grain and molasses are used to make alcohol. Molasses is a by-product of sugar that is extracted using technology and contains a specific amount of sugar. 

Cattle Feed

A drum-style pulp dryer was installed by Rana Sugars Limited in 2016, and it is used to dry 50% of the pulp. To make cattle feed pallets, this dry pulp with 88% dry matter and high nutritional content is sold to bovine feed manufacturers. Beet molasses is also used to enhance the quality of the cattle feed. For the seeding and harvesting of sugar beet, all machines and technical know-how have been taken from Europe. Beet processing plants, baler machinery for forming wet pulp bales and pulp drying plants are also imported from Europe. This is the first plant in India of its kind. 

Over time, these business segments have helped to increase the Rana Sugars Ltd share price. 

Key Personnel of Rana Sugars Ltd

• Mr. Rana Ranjit Singh is the Chairman
• Mr. Rana Veer Pratap Singh is the  Managing Director
• Shri Basant Kumar Bajaj is the Independent Director
• Shri Surjeet Kaushal is the Independent Director
• Ms. Navpreet Kaur is the Independent Director 

You can track the Rana Sugars Mill share price live on a reliable stock trading app.