PINC Securities on India Gycols, Dwarikesh Sugar

PINC Securities on DWARIKESH SUGAR INDUSTIRES
It is a mid-sized sugar mfg company with operations across three units in UP. Its capacities for sugarcane crushing stand at 21,500 TCD, distillery at 30 KLPD and cogeneration at 56 MW. Its profitability will come primarily from its 56 MW (saleable) cogen power plants. This, coupled with firm sugar prices, is likely to boost cash flows.


PINC Securities on INDIA GLYCOLS

It is one of the leading manufacturers of glycols and ethylene oxide derivatives, which cater primarily to industries like textiles, agrochem, oil and gas, detergents and paints. In December 2007, it acquired Shakumbari Sugar and Allied Industries for Rs 47 crore, which gave it flexibility in making ethanol through molasses or sugarcane depending on their price cycles.