 PRESS RELEASE |
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| The Oudh Sugar Mills Limited declares its Audited Annual Financial Results for the year ended 30th June, 2008. |
| Kolkata, 26th August, 2008 |
Oudh Sugar Mills Ltd. (OSML), belonging to the renowned K.K. Birla Group, is amongst the most efficient and rapidly growing companies in the Sugar Industry. OSML possesses three sugar units at (i) Hargaon Sugar Mills, Hargaon, Dist. Sitapur (U.P.) with a crushing capacity of about 10,000 tonnes crushed per day (TCD) (ii) New Swadeshi Sugar Mills, Narkatiaganj, Dist. West Champaran (Bihar) with a crushing capacity of about 7,500 TCD and (iii) Rosa Sugar Works, Rosa, Dist. Shahjahanpur, (U.P.) with a crushing capacity of about 4,200 TCD along with two distilleries i) at Hargaon with a capacity of producing 100 Kilo-Litre Per Day (KLPD) of Industrial Alcohol/Ethanol and (ii) at Narkatiaganj with a capacity of producing 60 KLPD of Industrial Alcohol/Ethanol. OSML also possesses a fruit and vegetable canning unit at Bamrauli near Allahabad (U.P.)
The Board of Directors of OSML at its meeting held on the 26th August 2008 took on record the Audited Financial Results for the year ended 30th June, 2008. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
Year ended 30.06.08 |
Year ended 30.06.07 |
| Gross Sales |
35393.59 |
46812.06 |
| Profit/(Loss) Before Depreciation and Tax (PBDT) |
1602.76 |
(1914.43) |
| Net Profit / (Loss) |
(451.27) |
(2689.55) |
| EPS (Rs.) |
(2.48) |
(14.80) |
|
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OSML reported a reduction of loss after tax to the tune of Rs. 2238.28 lakhs compared to last year, on a turnover of Rs. 35393.59 lakhs for the year ended 30th June, 2008 due to lower raw material costs and improved realizations.
Capital Projects:
The capacity enhancement of Hargaon Distillery, Hargaon, Dist. Sitapur, Uttar Pradesh to 100 KLPD and Narkatiaganj Distillery, Narkatiaganj, Dist. West Champaran, Bihar to 60 KLPD have been successfully completed during the year.
Further, the setting up a Greenfield sugar unit at Hata, Gorakhpur (U.P.) at an estimated cost of Rs.380 crores with a capacity of 7000 TCD with sugar refinery and co-generation power plant of 35 MW is progressing and will be commissioned during Sugar Season 2008 - 2009.
The Oudh Sugar Mills Limited will have a consolidated crushing capacity of 28,700 TCD, Co-generation of 48 MW and two distilleries with a combined capacity of 160 KLPD at the start of season 2008-09.
The Company’s shares are listed at the NSE & BSE and are actively traded having a 52 week high of Rs. 90. |
For further information please contact:
Ms. Swati Jalan / Ms. Sneha Bawari
Communications 2.0
Ph : 9830111376 / 9830454353 |
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