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Rana Sugars Ltd. Company History and Annual Growth Details
YEAR EVENTS 1991 - The Company was incorporated on 30th July. The Company has been been promoted by Punjab Agro Industries Corporation Ltd. (PAIC), in the joint sector with Rana Gurjeet Singh & Associates. The Company proposes to set up a sugar factory with an installed capacity of 2500 TCD along with the facilities for the co-generation of 5 MW powers.
1993 - 61,00,000 No. of Equity shares of Rs 10 each for cash at par allotted to Punjab Agro Industries Corporation (PAIC). 36,50,000 No. of Equity shares of Rs 10 each for cash at par allotted to Private Promoters. 115,50,000 No. of Equity shares of Rs 10 each for cash at par allotted to the Indian Public.
1995 - The Company also proposes to expand its capacity and diversify in other products in due course of time. The Company has achieved excellent quality of its product.
- The Company has installed most modern equipments to save and minimize energy consumption. The Company has installed two turbo alternate sets of 2500 KW each with aggregate power generation capacity of 5000 KW.
- The Company has also installed electrical motors of appropriate size and continuous centrifugals in place of batch type centrifugals.
1996 - The Company has taken up the expansion programme of its crushing capacity from 2500 TCD to 5000 TCD.
1997 - The Company has also taken up project regarding co-generation of surplus power and has submitted necessary applications for financial assistance to Government Agencies/Financial Institutions which are under their consideration.
1998 - No news.
1999 - The sugarcane Production was affected by serious diseases like Red Rot.
2000 - No news.
-Rana Sugars Ltd appointed Rana Ranjit Singh as Chairman and Rana Inder Pratap Singh as Managing Director (MD) on January 31, 2006,