Sukhjit Starch & Chemicals Share Price

Established as a private limited company in 1943, Sukhjit Starch & Chemicals (SSCL) went public in 1944. It was originally promoted by B K Sardana, et al, to set up a maize starch manufacturing plant with an installed capacity of 5 tpd at Phagwara, Punjab. Its capacity was expanded to 35 tpd by 1960. SSCL commissioned a 100% indigenous liquid glucose plant in 1967 and added a dextrose monohydrate facility in 1982. The company is engaged in manufacturing edible maize starch used in the preparation of ice-cream, custard powder, confectionery, etc; maize starch used in the textile and paper industries; dextrine used in foundries as a binder; liquid glucose used in the manufacture of jams, jellies, chewing gums, etc; and dextrose monohydrate (glucose) used in pharmaceuticals. The company added a manufacturing facility for sorbitol, commissioned in Mar.'95. To part-finance the sorbitol project, in Nov.'92, SSCL offered rights (1:2) at a premium of Rs 60 per share. As there is a demand in this sector the company has set up its third unit at Malda (West Bengal). The commercial production commenced on 5th June,2003. The project was financed by PNB as a term loan.