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Dwarikesh Sugar Industries Limited overview

Dwarikesh Sugar Industries Limited journey

• 1993: The company gets incorporated on 1st November.
• 1994: Dwarikesh Sugar releases a letter of intent for 2,500 TCD. The company's name was changed from Dwarka Sugar Limited to Dwarikesh Sugar Ind Limited.
• 1995: The firm lays the foundation for the temple and commissions a plant.
• 1996: Dwarikesh Sugar gets its industrial license of 2,500 TCD. It releases a letter of intent for expansion up to 5,000 TCD.
• 2001: The firm starts a new office in New Delhi.
• 2003: It completes production of 6,500 TCD.
• 2004: Dwarikesh Sugar lays the foundation for the distillery of 30 KLPD. The company gets listed on the NSE and BSE.
• 2006: The company marks its highest manufacture of 30 KLPD.
• 2018: The firm lays the foundation for 100 KLPD distillery.
• 2019: Dwarikesh Sugar commissions production of 100 KLPD.
• 2020: The company marks its highest production of sugar at 9,310 quintals. It commissions its sanitiser plant.
• 2021: The company marks the highest production of 130 KLP of ethanol.

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Indian sugar industry overview

Size of the Indian sugar industry

• India is the world's largest sugar producer and consumer. It is also the largest exporter of sugar in the world.
• During the sugar season of 2021-2022, the nation produced over 5,000 lakh metric tonnes (LMT) of sugarcane, of which 3,574 LMT was crushed into sugar (sucrose) by sugar mills.
• Sugar mills produced 359 LMT of sugar, whereas 35 LMT of sugar was diverted to ethanol production. Another highlight of the season was the export, totalling approximately 109.8 LMT without any financial assistance.
• As a result of these exports, the nation brought in approximately ₹40,000 crore (USD 4.9 billion) in foreign exchange.

Sugar industry growth prospects

• The country is expected to produce 36.5 million tonnes of sugar for the 2022–23 marketing season, up 2% from last year.
• Despite increased diversion for ethanol, the ISMA anticipates that exports will reach about 9 million tonnes this season.
• According to predictions, Uttar Pradesh will produce 12.3 million tons of sugar in the season 2022-23, Maharashtra will produce 15 million tons and Karnataka will produce 7 million tons.

Dwarikesh Sugar growth prospects

• Another 175 KLPD plant is being picked up by the company. This plant will increase the company's ethanol capacity to over 330 KLPD per day.
• About 30% of revenue is expected to be generated by the distillery segment, which will sell ethanol, and about 7-10% will come from power sales.

Risks and concerns

• The sugar industry poses a high threat of water pollution and a threat to PM Narendra Modi's net zero commitment.
• A total of 85.7 million litres per day (MLD) of wastewater is discharged into Uttar Pradesh's river system by the 56 biggest sugar mills.
• Water discharged from sugar mills and distilleries into the Ganga River is among India's 17 most polluting industries.

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