Davangere Sugar Company Ltd. (DAVANGERE)
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Davangere Sugar Company Ltd. Profile
| Food Products Industry | Consumer Staples Sector | Mr. Shamanur Shivashankarappa Ganesh CEO | MSE Exchange | INE179G01011 ISIN |
| India Country | 302 Employees | - Last Dividend | 3 Jun 2022 Last Split | - IPO Date |
Overview
Davangere Sugar Company Limited, established in 1970, is a prominent manufacturer and marketer of sugar and molasses in India. With its headquarters in Bengaluru, India, the company has expanded its operations to include the co-generation of electricity and the production of ethanol products. It has garnered a significant presence in the international market by exporting its products. Apart from its core operations, Davangere Sugar Company Limited ventures into the aviation sector and other diverse business areas, showcasing a strong diversification in its business model.
Products and Services
- Sugar and Molasses
As its primary business, Davangere Sugar Company Limited specializes in the production and marketing of high-quality sugar and molasses. These products meet the standards for both the domestic and international markets, catering to various industry needs.
- Co-generation of Electricity
Utilizing the by-products from sugar production, the company efficiently generates electricity. This not only supports its own operations but also contributes to the local grid, exemplifying sustainable energy practices.
- Ethanol Products
With an eye on the future, Davangere Sugar Company Limited produces ethanol, a renewable fuel. This venture not only diversifies its product range but also aligns with global efforts towards sustainable energy sources.
- Aviation and Other Businesses
The company has extended its reach into the aviation sector and other diverse areas. This strategic diversification allows it to explore new growth avenues and reduce dependence on its traditional sugar and molasses market.
