YEAR EVENTS 1947 - Incorporation in 1947 at Tanuka, Andhra Pradesh. 1966 - The Caustic Soda & Chlorine Plant achieved more than 100% capacity utilisation. 1967 - On 15th February, 2,00,000 right equity shares issued at par in the proportion 2:7. 1970 - 7,19,853 bonus equity shares issued in the prop. 4:5. 1972 - 4,05,183 Equity shares issued. 30,000 II Pref. shares allotted on 5th October. 1973 - The caustic soda unit II with a capacity of 70 tonnes per day was commissioned on 28th September. 1974 - 405183 Equity Shares issued. - 12,14,910 bonus equity shares issued in prop. 3:5. 1976 - 1,05,660 equity shares issued at par to IFCI on conversion of loans on 20.1.1976. 1978 - 1,06,000 equity shares issued on conversion of 20% of the loan by the financial institutions. 1981 - 20,70,852 bonus equity shares issued in the prop. 3:5. 1983 - The Sugar & Chemical Machinary Division entered into an agreement with Reva Enviro Systems (Pvt.) Ltd., Nagpur for Bicardi's waste water treatment system and for the generation of methane from the Company's distillery spent wash. Subsequently, a pollution control-cum-energy saving project was taken up as per the suggestions of the Pollution Control Board. 1984 - Due to acute shortage of alcohol in the State, the Company was not allotted any alcohol. The plant was, therefore, shut down from September 1994. 1985 - Subsequently With the availability of alcohol, the operations (Acetic Acid plant) were restarted. - The first barch of 500kgs. of propellant grade MMH was delivered to ISRO. 1986 - The Company concluded an agreement with ONGC for supply of natural gas for a quantity of 16,000 M [3] per day for Tanuku plant and 6,000 M[3] per day for Kovvur plant for their boilers. - The company was approved as a selling agent for marketing HEL-CES Monitoring system. - In November the Company issued 4,00,000 - 15% non-convertible debentures of Rs. 100 each on private placement basis to UTI, LIC, GIC and its subsidiaries. These debentures are redeemable at a premium of 5% at the end, of 7th, 8th and 9th year. 1987 - The commercial plant for the manufacture of UDMH/MMH was set up. ONGC commenced supply of natural gas to Tanuku units with effect from 18th July. The industrial licence for the manufacture of any higher capacity of 66,000 tonnes per annum of superphosphate was approved. A letter of intent was received for the manufacture of oleum 20% to a capacity of 3,300 tonnes per annum within the existing licensed capacity of sulphuric acid. 1989 - The Company installed in June, two 2270 KVA `SKODA' D. G. sets to meet power shortage. The Company was also allotted 10 MW power by A. P. Gas Power Corporation Ltd. (APGPCL) from its gas based power project. - In accordance with the suggestion by State Bank of India, Hyderabad the operating agency of Board for Industrial & Finance Reconstruction (BIFR) Jayalakshmi Cotton & Oil Products Ltd. Guntur amalgamation with the company. BIFR's sanctioned the agreement. 1990 - 55,22,272 bonus equity shares issued in prop. 1:1, 2,52,000 equity shares allotted without payment in cash to members of Jayalakshmi Cotton & Oil Products Ltd, on its meger. 1991 - The Scheme of Amalgamation was approved by BIFR by its order on 21st February. As per the Scheme, 2,52,000 equity shares of Rs. 10 each of the Company were issued to members of JCOP in the proportion of 2:5 shares of Rs. 10 of the Company for every share of Rs 100 each held in JCOP. 1993 - 112,96,544 bonus equity shares allotted in ratio 1:1. 1994 - The Company received letter of intent from Government to set up a 2,500 TCD sugar plant at Buttayagudem in West Godavari district. - The Company issued 45,20,000 non-convertible debentures of Rs 250 each along with detachable tradable warrants on right basis to the existing shareholders. 1996 - The Caustic Soda & Chlorine Units achieved more than 100% Capacity utilisation. - A new chemical complex was being set up at Saygonda village for manufacture of 33,000 TPA of caustic soda lye, 19,000 TPA of chlorine, 10,000 tonnes of hydrochloric acid and 50 tonnes of hydrogen gas per annum. Another sulphuric acid plant of 250 TPD and chlorosulphonic acid plant of 100 TPD was also being set up at the new chemical complex. 1997 -The second sugar factory of the Tanuku-based Andhra Sugars at Taduvai village in West Godavari district began commercial production. The factory was set up at a cost of Rs.60 crore with a crushing capacity of 2 500 tonnes a day. - 45,20,000 equity shares (prem. Rs 25 per share) issued on converions of detachable trade warrents. 1998 -Crisil has downgraded the rating assigned to the non-convertible debenture issue of Andhra Sugars Ltd (ASL) from A to A-. 1999 - As in the previous season the Sugar Unit at Taduvai is entitled for 100% Free Sugar sale. - Performance of Chemical Units at Kovvur and Tanuku was satisfactory. Sulphuric Acid Unit achieved more than 100% capacity utilisation. - The Company commenced work on Year 2000 (Y2k) compliance. The effect of Y2K on Data processing Software, Hardware, Operating Systems, Process Control Systems has been evaluated and the systems likely to be affected are identified. 2002 -Life Insurance Corporation of India as on 31-Aug-2002 holds 22,73,444 equity shares amounting to 8.39% paid-up equity capital of the company. 2003 --Completes 55 years of existence without any strike or unrest by employees -Offered Rs 36 crore for West Godavari Cooperative Sugars Ltd 2004 -Andhra Sugars Ltd (ASL) and Krebs Bio Chemicals (KBC) have entered into sale and purchase agreement with the loss-making co-operative units of West Godavari Cooperative Sugar Factory Ltd and NVR Cooperative Sugar Factory Ltd in Bhimadolu in West Godavari and Jampani in Guntur district 2005 - Andhra Sugars Ltd has registered a growth of 18.29 per cent in turnover and 56.01 per cent in net profit for the third quarter ended December 2004 of the current fiscal. 2006 - Andhra Sugars Ltd reports net profit Rs 69.54 crore (Rs 43.82 crore), yielding an EPS of Rs 21.96 (Rs 18.09) on an equity of Rs 27.11 crore. - Andhra Sugars Ltd recommended a Dividend of 75% 2007 - Andhra Sugars Board recommends dividend f 60% on Equity Shares of the Company for the year ending March 31, 2007 2008 - Andhra Sugars Board recommends dividend of 50% for the year 2007-08. 2009 - Andhra Sugars Board recommends Dividend of Rs 6/- per share for the year 2008-09. 2010 - Andhra Sugars - Board recommends Dividend of Rs. 5/- per share on Equity Shares of the Company for the year ending March 31, 2010 2011 - Dr. B.B.Ramaiah has been appointed as chairman & Managing Director of the Company with effect from 1st November, 2011 2012 - Shri P. Narendranath Chowdary has been appointed as Managing Director of the Company with effect from 1st April, 2012 - he Andhra Sugars Ltd recommended a Dividend of Rs.7/- per share on Equity Shares of the Company for the year ending March 31, 2012. 2013 -Andhra Sugars has recommended a Dividend of Rs. 6/- per share on Equity Shares. 2014 -Andhra Sugars have recommended a dividend of Rs. 5/- per share on Equity Shares. 2021 -The Company has splits its face value from Rs. 10/- to Rs. 2/-. 2024 -The Company has informed the Exchange regarding 'Commissioning of Commercial operations of New Salicylic Acid Plant'