Dwarikesh Sugar to maintain strong margins

Dwarikesh Sugar is confident of maintaining its strong margin expansions and hopes for an even better showing on the revenues and profit front, going ahead. Dwarikesh Sugar is confident of maintaining its strong margin expansions and hopes for an even beter showing on the revenues and profit front, going ahead, says G R Morarka, the company's CMD.

Sugar prices are on the rise, the company's co-generation and distillery units have gone into operation, and expected realisations per bag should be between Rs 1650-1700 for the next six months, Moraraka says.

The company's capacity utilisation is at 100% currently, and it has a capacity of unit at 5500 tcd. Its greenfield project is progressing as per schedule, and is scheduled to start production by November 2005. The company's shareholders have also approved a $25 million FCCB issue.

Moneycontrol.com
Date: 15-4-2005