Trend Change Breakout and Breakout Restest in Simbhaoli Sugar
Simbhaoli Sugars Ltd is engaged in sugar refining (Defeco Remelt Phosphotation and Ion Exchange technology), high value, niche products (specialty sugars) and clean energy (ethanol).
The company sells sugar primarily under its flagship brand, "Trust". It also sells sugar and other products under G-low sugar, sunehra, Sipp and Som brands
Product-wise Breakup
In FY21, sugar accounted for ~72% of revenues, followed by rectified spirit and country liquor (15%), denatured spirit (11%), Sanitizer (1%), and others (1%)
Manufacturing Facilities
Presently, the company owns and operates 3 integrated manufacturing facilities in the state of Uttar Pradesh. Its capacities include :-
Cane Sugar (tonnes of cane/ day) - 19,500
Alcohol/ ethanol (kilo-liter/ day) - 210
Power (megawatt/ hr) - 108
Sugar refining (tonnes per day) - 1,200
JV Details - Simbhaoli Power Pvt Lts is a 51% JV of the company with Sindicatum Bagasse India Pvt Ltd. It is generating the power using the sugar mill bagasse and third-party biomass at the Simbhaoli and Chilwaria sugar complexes of the company and selling the surplus power to the state utilities under long-term PPAs.
NPA Credit Facilities
The credit facilities of ~1,000 crores availed by the company has been classified as non-performing assets by all the lenders in the past. The company has submitted comprehensive debt resolution proposals with the lenders and majority of them have shown interest to accept the debt resolution process (OTS proposal) of the company. It has liability of ~530 crores towards lenders as interest accrued but not provided for in the books of the company.
The company sells sugar primarily under its flagship brand, "Trust". It also sells sugar and other products under G-low sugar, sunehra, Sipp and Som brands
Product-wise Breakup
In FY21, sugar accounted for ~72% of revenues, followed by rectified spirit and country liquor (15%), denatured spirit (11%), Sanitizer (1%), and others (1%)
Manufacturing Facilities
Presently, the company owns and operates 3 integrated manufacturing facilities in the state of Uttar Pradesh. Its capacities include :-
Cane Sugar (tonnes of cane/ day) - 19,500
Alcohol/ ethanol (kilo-liter/ day) - 210
Power (megawatt/ hr) - 108
Sugar refining (tonnes per day) - 1,200
JV Details - Simbhaoli Power Pvt Lts is a 51% JV of the company with Sindicatum Bagasse India Pvt Ltd. It is generating the power using the sugar mill bagasse and third-party biomass at the Simbhaoli and Chilwaria sugar complexes of the company and selling the surplus power to the state utilities under long-term PPAs.
NPA Credit Facilities
The credit facilities of ~1,000 crores availed by the company has been classified as non-performing assets by all the lenders in the past. The company has submitted comprehensive debt resolution proposals with the lenders and majority of them have shown interest to accept the debt resolution process (OTS proposal) of the company. It has liability of ~530 crores towards lenders as interest accrued but not provided for in the books of the company.