The 29th Annual General Meeting of Vishwaraj Sugar Industries Limited was held on Wednesday, September 25th. Nikhil Katti, Chairman and Managing Director, took the chair and presided over the meeting.
The Chairman addressed the shareholders regarding the business outlook. Speaking on the global economic scenario, he noted that the sugar industry in the year 2024 continues to show signs of expansion, despite drought conditions in the last year. Influencing factors include an upward-trending price. However, there is also a need to monitor the risks arising from the fragile global economy and export control policies of India. This increase in production for this season is mainly due to weather conditions in Centre-South Brazil, allowing mills to continue crushing cane.
Regarding the Indian economic scenario, he mentioned that the gross production of sugar during the 2024-25 season without diversion for ethanol is estimated at 333 lakh tons (LT). The total availability during the year would be 423.50 LT with domestic consumption estimated at 290.00 LT. The closing stock, as on September 30, 2025, is projected at 133.50 LT. The Indian Sugar Mills and Bio-Energy Manufacturers Association (ISMA), the apex trade body for the sector, has projected sugar output for the 2024-25 season starting October at 331.10 LT. The estimates are a tad lower than the previous year’s output of 339.95.
On the ethanol front, he informed shareholders that the big boost to the industry has come from the government’s plan to implement the ethanol blending program (EBP) rigorously. The government has embarked on a 20% EBP plan. With this, the medium to long term prospects of the industry are set to improve, as key players in this segment are on track with their expansion plans in the distillery segment and so is your Company. Accordingly, your Company is taking this opportunity and is setting up a 150 KLD Ethanol Plant having multi feed options i.e., syrup, molasses, and grains. The Company has already obtained Consent to establish the plant from Karnataka State Pollution Control Board and the implementation is at a very advanced stage. The plant should be ready for commissioning in the next 45 days and your company shall be producing 250,000 Ltrs of Ethanol per day for supply to Oil Marketing Companies. Since the new plant under implementation shall be multi feed, the plant operation will be round the year, increasing the topline as well as bottom line of your company.
