What we do Ugar Sugar Works Ltd is a Karnataka-based company manufacturing sugar, industrial and potable alcohol, and generating electricity via co-generation plants. |
Founded in 1,939 |
Market share Among the leading sugar producers in Karnataka with diversified operations in sugar, alcohol, and power sectors. |
Problem solved Provides sustainable sugar production, renewable energy through co-generation, and alcoholic beverages addressing energy and agricultural product needs. |
Top clients or who we serve Serves sugarcane farmers, energy consumers, and alcohol distributors; operates B2B primarily and B2C in alcohol segment. |
Key management - |
Our journey and innovations Founded in 1939; expanded crushing capacity from 7,500 to 10,000 TCD; enhanced power co-generation to 44 MW; set up new distillery units; merged subsidiary in 2023. |
Where we operate Operates mainly in Karnataka, India with plants in Belagavi and Kalburgi districts; past wind power projects in Tamil Nadu. |
Top products or what we offer Sugar, industrial alcohol, potable alcohol, and electricity from renewable bagasse-based co-generation. |
Top brands - |
Raw materials needed Sugarcane primarily for sugar and ethanol production; bagasse for power generation. |
Raw materials supplier Local sugarcane farmers in Karnataka supplying raw material on contract and market basis. |
Recurring vs cyclical contribution Revenue is largely cyclical, linked to sugarcane harvest seasons, with some stable revenue from power and alcohol sales. |
Our industry position Leading sugar factory in Karnataka with diversified revenue streams and strong co-generation power capacity. |
Financial highlights FY2023 Revenue around INR 1794 crore; net profit INR 103 crore; recent loss in FY2025 due to industry challenges. |
Geographical revenue split Primarily revenues from Karnataka with some sales to neighboring regions. |
Order book - |
Whats driving growth Expansion in ethanol production, power co-generation capacity, and refined sugar crushing capabilities. |
Our future plans Increase sugarcane yield, expand ethanol production, adopt AI in farming, enhance co-generation power capacity. |
Our green promise Focuses on renewable energy via bagasse power generation and minimal discharge environmental practices. |
Our people and values Emphasis on innovation, farmer collaboration, and sustainable industrial practices since 1939. |
Key challenges ahead Volatile sugar prices, dependency on monsoon for cane supply, regulatory changes in sugar and ethanol sectors. |
Interesting facts One of the oldest sugar companies in Karnataka with an R&D unit recognized since 1974. |
Risks and strategy Mitigates cane supply risks through R&D and multi-crop trials; diversifies into power and alcohol to stabilize revenues. |
