Sugar is made from sugarcane, and was discovered thousands of
years ago in New Guinea. And then the route was traced to India and Southeast Asia. India was the first to begin with the production of sugar following the process of pressing sugarcane to extract juice and boil it to get crystals. he government of India in !"#$%#! made serious industrial development plans and has set many targets for production and consumption of sugar. hese plans by the government projected the license and installment capacity for the sugar industry in its &ive 'ear (lans. India is well )nown as the original home of sugar and sugarcane. Indian mythology supports the fact it contains legends showing the origin of sugarcane. oday India is the second largest producer of sugarcane next to *ra+il. ,urrently there are about - million hectares of land under sugarcane with an average yield of .$ tonnes per hectare. India is the largest producer of sugar including traditional cane sugar sweeteners, )handsari and Gur e/uivalent to 01 million tonnes raw value followed by *ra+il in the second place at !2.# million tonnes. 3ven in respect of white crystal sugar, India has ran)ed No.! position in . out of last !$ years. he traditional sweeteners of India li)e Gur 4 5handsari are consumed mostly by the rural population in the country. In the early !"6$7s nearly 086rd of sugarcane production was used for the production of alternate sweeteners li)e Gur 4 5handsari. As accordingly because of the better standard of living and higher incomes, the sweetener demand has shifted to white sugar. ,urrently !86rd of sugarcane production is used by the Gur 4 5handsari sectors. In the year !"6$ there was an advent of modern sugar processing industry in India which was started with grant of tariff protection to the sugar industry. In the year !"6$%6! the number of sugar mills increased from 6$ to !6# and in the year !"6#%61 production was increased from !.0$ la)h tonnes to ".6- la)h tonnes under the dynamic leadership of the private sector. In the year !"#$%#! the era of planning for industrial development began and Government laid down targets of sugar production and consumption, licensed and installed capacity, sugarcane production during each of the &ive 'ear (lan periods. Brief introduction India is the largest sugar consumer and second largest producer of sugar in the world according to the 9S:A &oreign Agricultural Service. Indian Sugar Industry has total turnover of ;s. #$$ billion per annum and contributes almost ;s. 00.# billion to central and state exche/uer as tax, cess, and excise duty every year according to the sources of <inistry of &ood 4 Government of India. Sugar Industry is regarded second after the extile Industry in India as per the agro%processing industry in the country. he industry currently has -#6 operating sugar mills in different parts of the country. Indian sugar industry has always been a focal point for socio%economic development in the rural areas. oday nearly #$ million sugarcane farmers and a large number of agricultural laborers are involved in sugarcane cultivation and ancillary activities contributing to ..#= of the rural population. Indian Sugar Industry generates power for its own re/uirement and even gets surplus power for export to the grid based on byproduct bagasse. here is even production of ethanol, an ecology friendly and renewable energy for blending with petrol. Sugar ,ompanies have been established in large sugarcane growing states li)e 9ttar (radesh, <aharashtra, 5arnata)a, Gujarat, amil Nadu, and Andhra (radesh and are the six states contributing more than 2#= of total sugar production in the India. And #.= of total production is together contributed by 9ttar (radesh and <aharashtra. Indian sugar industry has been growing hori+ontally with large number of small si+ed sugar plants set up throughout India as opposed to the consolidation of capacity in the rest of the important sugar producing countries and sellers of sugar, where there is greater concentration on larger capacity of sugar plants. Types of Sugar Industries in India he Sugar industry In India has two sectors including organi+ed and unorgani+ed sector. he Sugar factories usually belong to the organi+ed sector and those producers who produce traditional sweeteners fall into unorgani+ed sector. Gur and )handsari are the traditional forms of sweeteners.
<anufacturing (rocess followed by the Sugar Industry: 3xtracting juice by pressing sugarcane *oiling the juice to obtain crystals ,reating raw sugar by spinning crystals in extractors a)ing raw sugar to a refinery for the process of filtering and washing to discard remaining non% sugar elements and hue ,rystalli+ing and drying sugar (ac)aging the ready sugar Size of the industry oday India has -#6 sugar mills, those constituting 0#0 mills from the ,o%operative sector and !6- <ills from the private sector. And there are boosting 1. mills in the (ublic sector. As according to the statistics there is total number of #.! sugar factories in India as on <arch 6!, 0$$# compared to !62 during !"#$% #!. hese #.! sugar mills have a production of total /uantity of !".0 million tonnes ><?. here is an increase in the Sugar production in India from !#.# < in !""2%"" to 0$.! < in 0$$0%$6. Total contribution to the economy/ sales Growth of India's sugar industry Year No. of factories in operation Installed Capacity (Lakh tonne !ctual Sugar "roduction (In Lakh tonne !"#$%#! !6" !1.. !!.$ !"##%#1 !-6 !..2 !2." !"1$%1! !.- 0-.# 6$.0 !"1#%11 0$$ 60.6 6#.- !".6%.- 00" -6.! 6".# !".2%." 00" #".! #2.- !"2#%21 66" .0.. .$.0 !""$%"! 66. "2.# !0$.# !""#%"1 -!# !0..1 !1-.6 !"""%0$$$ -06 !1!.2 !20.$ 0$$$%$! -6. !12.0 !21.$ 0$$!%$0 -66 !.1.2 !2#.6 0$$0%$6 -#6 !2$.$ 0$!.$ 0$$6%$->3stimated? -1! !2#.$ !.$.$ Source# Indian Sugar <ills Association Top leading Companies *alrampur ,hini <ills @td. *ajaj Aindustan @td. Andhra Sugars @td. hiru Arooran Sugars @td. :hampur Sugar @td.
Employment opportunities Bobs in Indian Sugar Industry has created ample employment opportunities in rural India. oday the Indian Sugar Industry has absorbed about # la)h rural people. he cultivation of sugarcane employs about -.# core farmers which is the first phase of the sugar production. Indian Sugar mills may be cooperatives, public or private enterprises. he industry today provides employment to about 0 million s)illed8semi s)illed wor)ers and others mostly from the rural areas. (eople interested for Bobs in Sugar Industry should be a diploma holder in <echanical or electrical engineering along with the diploma in the sugar technology. At the entry level one can expect a remuneration of ;s 1$$$%.$$$ per month and as with experience increases the pay may go up to ;s 1%!# la)h per annum. Sugar technologists are usually employed in sugar factories, alcoholic or non% alcoholic production plants or sugar research labs. he major recruiters in the sugar Industry are I&&,C and National &ederation of ,o%Cperative Sugar &actories. Pollution he Indian Sugar Industry comes under the classification of D;edD which represents highly polluting industries. Latest developments IS3, is successful in capturing new mar)ets with strategic advantage li)e Srilan)a, (a)istan, ;ussia, Indonesia etc. here is marvelous achievement for the first time, Indian white sugar was mar)eted by IS3, for direct consumption in 3urope while in the past Indian sugar shipped to 3urope was diverted to other destinations. In the year 0$$$, !$,$$$ < was exported in containers for direct consumption in the 3uropean countries. he following policy initiatives are ta)en to boost the Sugar industryE Government declared the new policy on August 0$,!""2 with regards to licenses for new factories, which shows that there will be no other sugar factory in a radius of !# )m. Setting up of Indian Institute of Sugar echnology at 5anpur is meant for improving efficiency in the industry. In the year !"20, the sugar development fund was set up with a view to avail loans for moderni+ation of the industry. About Us NDSL Sugars Limited, a public limited company listed on Bombay Stock Exchange (BSE) is a part of the old highly diersified !roup" NDSL Sugars Limited is in the field of #anufacturing across integrated fields such as Sugar, Distillery, and $o%er" NDSL Sugars Limited %ith its &egistered and 'orporate (ffice in )yderabad has t%o state*of*the*art sugarcane based integrated units + B(D),N -nit* situated at B(D),N #andal, Ni.amabad District /he company %hich has pioneered manufacturing of sugar, co*generation of green po%er , &ectified Spirit and Extra Neutral ,lcohol %as started in the year 0112 %ith a capacity of 3455 /'D (/onnes of 'ane 'rushed $er Day)and later upgraded to 6455 /'D moed for%ard in a strategic %ay to merge #7s NDSL Sugars $t" Ltd(capacity of 3455 /'D) %ith itself in the year 3500as a result, achieing a total capacity of 8555 /'D" 9n its sugar plants" /he total po%er being co*generated at the t%o units of NDSL Sugars limited hae reached 34"34 #: oer a short span of time %hile, the bodhan unit, %hich also houses a distillery plant, has a capacity of ;4 <L$D giing the company a sound product mix and establishing the gro%th and sustainability of the company" Our Initiatives /he company purchased 3 )aresting #achines to encourage the farmers" 9nitiated Solar =encing to the farmers on Loan basis" /he company is encouraging Drip 9rrigation in Sugarcane" Seminars > :orkshops are conducted to farmers to implement Drip in :ider spacing" $roducts ,t NDSL Sugars Limited special care is taken to ensure ?uality par excellence in it eery product that adds alue to its brand image" Sugar /he sugar plants of !ayatri Sugars Limited are e?uipped %ith state*of*the*art technology and e?uipment to produce t%o different grades of high ?uality commercial sugar graded according to their color and grain si.e namely S 65 # 65 Green Power ,t a time %hen the %orld is %itnessing a global po%er shortage, eco*sensitie !ayatri Sugar embarked upon the idea of co*generation of po%er %hich is an internal process" (er the years, !ayatri Sugars Ltd has been tapping po%er from Bagasse* an important byproduct of the sugar industry" :ith the moe to co*generate po%er, %e hae aimed at achieing three adantages namely* ,dditional reenue generation $artly protecting ourseles from the cyclic nature of business7product life cycle namely Sugar, alcohol, molasses and bagasse" /he duration of crushing has been extended on the economics of co*generation een after sugar recoery falls to lo% and un*economic leels at the end of the season" Distillary Products &ectified Spirit Extra Neutral ,lcohol $rocess /he Sugar is produced in Double Sulphitation $rocess inoling passing through 4 main stations namely* #ill )ouse Boiler )ouse $o%er )ouse 'larification and eaporation )ouse Boiling and curimeny Raw Materials "roduct Na$e %nit &uantity 'alue ((s.cr Cost((s. ) %nit Sugarcane < -"#,.0..$$ !0-.$# 0,#$0.6" Cthers NA $ $.$6 % ;aw <aterials ,onsumed NA $.$$ $.$$ % ea) Food ,& $ $.$$ % Inter :ivision ransfers NA $.$$ $.$$ % ,harge ,hrome%purchase < $ $.$$ % Cther % (urchases NA $.$$ $.$$ % Cther Items NA $ $.$$ % Sugarcane%(urchased < $.$$ $.$$ % ;aw Sugar NA $ $.$$ % <olasses%:istillery < $.$$ $.$$ % Iron Cre < $ $.$$ % ,hrome Cre < $.$$ $.$$ % ,oal < $ $.$$ % Anthracite ,oal8,athode *loc) < $.$$ $.$$ % ,o)e < $ $.$$ % ,o)e%(urchased < $.$$ $.$$ % &erro ,hrome < $ $.$$ % Steel 4 Allied (rods.%(urch. < $.$$ $.$$ % ," 9N/&(D-'/9(N > B,'< !&(-ND The Company firmly believes that Corporate Governance is very closely linked to the core values of the Company and is associated with best practices, a fine blend of law, regulation and voluntary practices with the overall objective of maximiing return for its stakeholders. !our Company believes in imbibing "est #nternational $ractices in the area of Corporate Governance with specific emphasis on ensuring accountability.
The Company is committed to transparency, accountability and fairness and contributing towards the social and environmental growth of the surroundings in which it operates. /he 'ompany ackno%ledges that the 'orporate !oernance is not a substitute for good performance and rather good corporate goernance is for good performance together %ith good alues" ,ccordingly, the 'ompany has sought to institutionali.e best corporate goernance practices mandated by &egulatory ,uthorities"
%&'( 'ugars (imited has adopted this code of conduct in order to describe the standards its &irectors and 'enior )anagement must meet the 'tandards are based on: * $rofessionalism and good business practices * +thical and legal behavior * ,air and appropriate consideration of the interests of all stakeholders -investors, customers, suppliers, employees, other commercial partners, government authorities and the public and environment. * ,air and respectful treatment of fellow employees * (oyalty to Gayatri 'ugars (imite ". $/0$1'+ 1, C1&+ The code seeks to serve the following purposes:2 i. To articulate the high standards of honesty, integrity, ethical and law abiding behaviour +xpected of &irectors and 'enior )anagement )embers. ii. To encourage the observance of those standards to protect and promote the interests of shareholders and other stakeholders -including investors, employees, customers, suppliers and creditors. iii.. To guide &irectors and 'enior )anagement )embers as to the $ractices thought necessary to maintain confidence in the Company3s integrity4 and iv. To set out the responsibility and accountability of &irectors and 'enior +xecutives to report and investigate any reported violations of this code or unethical or unlawful behaviour.
The code seeks to address:2 * $ersonal obligations * &iscrimination * Conflict of #nterest * "ribes, 5ick2backs, "usiness +ntertainment, Gifts, * #nsider Trading * Compliance with (aw C. 6$$(#C6"#(#T! 1, C1&+ This code of conduct describes Gayatri 'ugars commitment to lawful and ethical conduct in all of its affairs. This code of conduct shall apply to all operations of the Company and supplements the present or future policies, guidelines and rules implemented by the Company. The spirit of this Code of Conduct shall govern the interpretation of all policies, guidelines and rules adopted by the Company. * This Code of Conduct is applicable to all &irectors of the Company * This Code of Conduct is applicable to all 'enior )anagement )embers of the Company, from the rank of General )anager and above. * This Code of Conduct is applicable to any other employee or officer of the Company who has a direct functional reporting to the "oard and also to any employee or officer of the Company, who has the opportunity to materially influence the strategy and operation of the business and ,inancial performance of the company &. C1&+ 1, C1%&/CT a. 7onesty, #ntegrity, +thical Conduct and &ignity : The Company3s &irectors and 'enior )anagement )embers shall4
i. 1bserve highest standard of honesty, integrity and ethical and law abiding behaviour in a. $erforming their duties and b. &ealing with any 1fficer, 6gent, +mployee, 'hareholder, Customer, 'upplier, 6uditor, (awyer and 6dvisor of the Company. ii. ,oster a culture of honesty, integrity and ethical and law abiding behaviour among other 1fficers and +mployees. iii. +xercise the care, diligence and skill of a reasonably prudent person under comparable circumstances. iv. +nsure to enhance and maintain the reputation of the company v. 'trive to contribute toward the growth, stability and service that the company seeks to provide to its consumers, members, stakeholders and society in general. vi. Conduct themselves in a professional, courteous, and respectful manner at all times. &irectors and 'enior )anagement )embers shall deal on behalf of the Company with professionalism, honesty, integrity as well as high moral and ethical standards. 'uch conduct shall be fair, ethical and transparent enough to be perceived as such by others. The &irectors and 'enior )anagement )embers shall not conduct themselves in such a manner as would be construed to be an incident of sexual harassment at the workplace. They shall not use abusive or offensive language at the workplace or any such location connected to official business and shall extend full cooperation and valuable assistance to other employees of the Company in accomplishing their goals in alignment with the goals and objectives set by the Company.
b. Conflict of #nterest The Company3s &irectors and 'enior )anagement )embers must be aware of potential conflicts between -directly or indirectly. :2
a. 1n the one hand i. the interest of the Company4 or ii. their duties to the Company and b. 1n the other hand i. their personal or external business interests4 or ii. their duties to any third party +very &irectors and 'enior )anagement )embers must avoid placing himself or herself in a position that may lead to an actual or a potential conflict of interest or duty or a reasonable perception of an actual or potential conflict of interest or duty. +very &irector and 'enior )anagement )ember must fully and frankly inform the "oard of any personal or external business interest that may lead to and actual or potential conflict of interest or duty or a reasonable perception of an actual or a potential. conflict of interest of duty and obtain and follow independent legal advice to avoid or resolve any actual, potential or perceived conflict of interest or duty. &irectors and 'enior )anagement )embers shall not accept-directly or indirectly. compensation -in any form. for services performed for the Company from any source other than the Company. &irectors and 'enior )anagement )embers shall not engage in any activity that interferes with their performance or responsibilities to the Company, or is otherwise in conflict with or prejudicial to the Company.
c. ,inancial 0eporting The &irectors and the 'enior )anagement )embers shall manage the affairs of the Companywith better accountability to shareholders and achieve transparency of operations with disclosure of both financial and non2financial data through annual and other periodical report The &irectors and 'enior )anagement )embers shall ensure that the company prepares andmaintains its accounts fairly and accurately in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards,laws and regulations of the country in which the company conducts its business affairs. #nternal accounting and audit procedures shall fairly and accurately reflect all of the company3s business transactions and disposition of assets. 6ll re8uired information shall be accessible to company auditors and other authoried parties and government agencies. d. 0elated $arty Transactions &irector or 'enior )anagement )embers or any of their relatives9associates should not derive any undue personal benefit or advantage by virtue of his position or relationship with theCompany. 6s a general rule, &irectors and 'enior )anagement )embers should void conducting Company business with a relative, or with a business in which a relative is associated in any significant role. 6ny dealings with a related party must be conducted in such a way that no preferential treatment is given and ade8uate disclosures are made as re8uired by law and as per the applicable policies of the Company.
e #nsider Trading &irectors9'enior )anagement )embers having inside #nformation about the Company shall not sell, purchase or otherwise trade in stock, derivatives or other securities of the Company or disclose such information to another person. &irector and 'enior )anagement )embers and their immediate families shall not derive any benefit or assist others to derive any benefit from the access to and possession of information about the company, which is not in the public domain and thus constitutes insider information.&irectors and 'enior )anagement )embers are re8uired to comply with the Company3s Code of Conduct on prevention of #nsider trading.
f. +mphasiing &iligence #ndependent &irectors should ensure that they have the re8uisite time, training and facilities to ade8uately discharge their duties and responsibilities. ,urther, they would have to disclose theirother significant commitments, if any, which are likely to affect or interfere with the proper functioning of themselves and the "oard. g.+8ual 1pportunity 6nd +mployment The Company is committed to a policy of e8ual employment opportunity so as to assure that there shall be no discrimination or harassment against an employee or applicant on the grounds of race, color, religion, sex, age, marital status, disability, national origin, or any other factor made unlawful by applicable laws and regulations. This policy relates to all phases of employment including recruitment, hiring, placement, promotion, transfer, compensation,benefits, training, educational, social and recreational programs and the use of Company facilities. 'exual harassment is specifically prohibited. &irectors and 'enior )anagement )embers shall ensure due compliance. The &irectors9'enior )anagement )embers shall practice a conduct that promotes e8uality of gender, class, caste and opportunity and should promote the same values and also exercise their duties in a manner that encourages healthy, personal and career growth of the employees of the Company h. $rotection of +nvironment The Company is committed to conduct its business in a manner that values the environment and helps to ensure the safety and health of its &irectors or +mployees. #t is the Company3s policy tocomply with or applicable environmental safety and health laws and regulations4 to apply reasonable standards where such laws or regulations do not exist4 and to seek ways to achieve excellence in these critically important areas. The Company will strive to implement industry recognied best $ractices wherever possible. The &irectors9 'enior )anagement )embers shall, in their decision asking process, respect the necessity of protecting the environment around them, of the Country and of the global environment as a whole and in doing so, shall ensure compliance of the applicable laws, rules and regulations.
i. 'haring of #nformation The &irector9'enior )anagement )embers shall not give any statement9information to the press or any other form of media without due authoriation from the "oard or its Chairman or the )anaging &irector. 6ll public disclosures, including forecasts, press releases, speeches, and other communications, will be honest, accurate, timely and representative of the facts. 'S& ,ctiities /he company beliees in adding alue by understanding, accepting and deliering on its social responsibilities in its cultural and geographic area of business and has a dedicated itself to deelopment of the region in terms of enhancing the economic, health and skill leels and empo%ering %omen" /he company in its effort to facilitate a better and healthier liing for the society comes up %ith strategic initiaties from time to time" =ollo%ing are the actiities currently being undertaken by the company %ith reference to its social responsibility =acilitating loans7microfinance for the %omen inoled in dairy farming for their lielihood" 'ommissioned and successfully running 6 &"( $lants and proiding subsidised drinking %ater to Different @illages in Bodhan" ,erial application of chemical insecticides also kno%n as fogging is done ery often to get rid of mos?uito borne diseases like malaria"/he =ogging is done in all the surrounding illages of the factory" , health camp is held annually for all the nearby illages %here they can get free check*ups and free medication and consultation" /his year the company %ants to take up &ain :ater )aresting programmes to increase the ground %ater leel in the telangana illages"