Dwarikesh Sugar Industries Ltd.

Dwarikesh Sugar Industries was originally incorporated as Dwarka Sugar vide certificate of incorporation no. 11-74815 dated November 1, 1993 with the Registrar of Companies, Maharashtra at Mumbai. The name of the company was changed to Dwarikesh Sugar Industries on April 18, 1994.

The registered office of the company has been shifted from the state of Maharashtra to the state of Uttar Pradesh (UP), confirmed by an order of the Company Law Board (Western Region) bench, Mumbai dated June 23, 1995. In this regard, Dwarikesh has received a Certificate of Registration bearing no. 20-18642 dated August 31, 1995 from Registrar of Companies, UP at Kanpur.  The company has been promoted by Gautam R Morarka with the main object of carrying out the activity of production of sugar and other sugar related activities. The company commenced its commercial production on December 5, 1995 by setting up a 2500 tcd sugar plant in the sugar rich belt of Uttar Pradesh at Dwarikesh Nagar unit, Bundki village in Bijnor District.

The plant now has a capacity of 6500 tcd. Beside this, the company has set up one 7500 tcd sugar plant in district Bijnor commencing production in 2006 and has set up another 7500 tcd sugar plant in the Bareilly district, commencing production in Dec 2007. Thus the total capacity of Dwarikesh is 21500 tcd.

Products

• Sugar: Sugar production is an interesting process during which some useful bi-products are generated.  
• White Crystal Sugar: Dwarikesh Sugar is known for its high quality, hygiene and good taste.
• Ethanol: Ethanol is a good oxygenate, which is used as a blend with motor spirit to reduce emissions.
• Captive Power: Dwarikesh is focusing on this sector as demand of captive power is continue to increase.
• Molasses: Molasses plays an important part in Dwarikesh group's diversification plans.
• Valuable Residue: Bagasse, the residue obtained from crushing cane in the mills, is used by the paper industry.

Divisions

• Sugar
• Power co-generation
• Industrial alcohol-ethanol

Group Companies

• Morarka Finance
• Dwarikesh Informatics
• Sewa Jyoti
• RR Morarka Charitable Trust
• Narbada Devi Morarka Charitable Trust

History

• 1993: Incorporation of the company in the name of Dwarka Sugar.
• 1994: Change of name to Dwarikesh Sugar Industries.
• 1995: Setting up 2500 tcd sugar plant and commencement of commercial production.
• 1996: Expansion of capacity to 3500 tcd and setting up of 6 mw power plant.
• 1997: Payment of maiden dividend of 10%.
• 1999: Expansion of capacity to 4000 tcd.
• 2001: Expansion of capacity to 5000 tcd.
• 2002: Expansion of co-gen plant from 6 MW to 9 MW and expansion of capacity to 6500 tcd.
• 2003: Sold power worth Rs 183 lakh to the UP state grid.
• 2004: Successful completion of IPO (23 times oversubscribed) and expansion of co-gen power plant from 9 MW to 17 MW.
• 2005: Setting up of 30 klpd distillery for manufacture of industrial alcohol and work begins on new project of 7500 tcd at Dwarikeshpuram (Afzalgarh) in February.
• 2006: Commissioned a new greenfield plant of 7500 tcd at Dwarikeshpuram with 9 MW co-gen capacity in a record time.
• 2006: Work begins on new project of 7500 tcd at Dwarikeshdham (Faridpur, Bareilly District) with 36 MW cogeneration.
• 2007:  Commissioned a new greenfield plant of 7500 tcd with 36 MW cogeneration capacity in a record time at Dwarikeshdham (Bareilly District). Exportable power capacity of the plant is 24 MW.
• 2008: Commencement of co-generation for supply to state grid at Dwarikeshdham and Dwarikeshpuram units.