KCP Sugar & Industries Corporation Ltd

ABOUT [ edit ]
K.C.P. Sugar and Industries Corporation Ltd is engaged in the manufacturing of sugar as well as its associated products such as Rectified Spirit, Extra Neutral Alcohol, Ethanol, Incidental Cogeneration of Power etc. [1]

KEY POINTS [ edit ]
Business Segments
Sugar: The Co crushed 4.1 lakh MT of sugarcane with recovery of 9.27% during FY21 compared to 7.8 lakh MT crushing with recovery of 9.22% in FY20.
Distillery: The Distillery Unit produced 64.82 Lakh Litres of Industrial / Anhydrous Alcohol in FY21 as against 119.29 Lakh Litres during FY20.
Power: The Cogeneration Unit produced 19,276 MW of Power during FY21 as against 32,130 MW of Power in FY20. [1]

Geographical Split
India - 96% in FY21 vs 100% in FY18
Outside India - 4% in FY21 vs Nil in FY18 [2][3]

Revenue Mix
Sugar - 77% in FY21 vs 66% in FY19
Chemicals - 10% in FY21 vs 13% in FY19
Power & Fuel - 7% in FY21 vs 11% in FY19
Engineering - Nil in FY21 vs 9% in FY19
Others - 6% in FY21 vs 1% in FY19 [4][5]

Manufacturing Capacity
The Co has 2 sugar factories located in Krishna District, Andhra Pradesh having an aggregate crushing capacity of 11,500 tons per day. [6]
Industrial / Anhydrous Alcohol: Installed Capacity of 50000 BL per day
Electrical Power: Installed Capacity of 15 MW [7]

Lakshmipuram Unit
The Co has closed its Lakshmipuram Unit due to inadequate availability and supply of sugarcane. To improve the financial and operational efficiency of cane crushing, the crushing operation of the Lakshmipuram Unit is merged into the Vuyyuru Unit. [1]
The company is planning to sell the movable fixed asset and existing infrastructure in Lakshmipuram Unit Unit II and it is expected to be used in some form for value additional purposes. [8]

Foray into Engineering Goods
The Company has purchased an Engineering Industrial Shed, Stores and Administrative Building to an extent of 5 Acres in SIDCO Industrial Estate, Thuvakudy, Trichy through e-Auction. The Company is in the process of setting up an Engineering Division for the manufacturing of engineering goods such as equipment, general fabrication of mild and stainless steel structures. [1]

Investments
The Co has investments worth 178 crores as of March 2021 in various quoted and unquoted equity instruments and mutual funds. [9]

Change in KMP
Mr. R Ganeshan, the CFO of Co resigned from his position in Aug 2021 on health grounds. [10]