History

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"