INSOLVENCY PROCESS

 

LIQUIDATION PROCESS

 

NCLT ORDER DATED 08.10.2021

PUBLIC ANNOUNCEMENT 

 

 

AGM NOTICE PUBLISHED IN FINANCIAL EXPRESS DT 28.08.21 

 

AGM NOTICE PUBLISHED IN BENGALI DAINIK STATEMENT DT 28.08.21 

 

 

EAI-Clearance from SEIAA

Board of Directors
 

DETAILS OF BUSINESS:

 

Riga Sugar Company Limited (RSCL), the flagship company of DHANUKA GROUP has Sugar (5,000 TCD), Ethanol (45 KLPD) & Co-Gen of Power ( 3 MW) and Organic Fertiliser factories in North Bihar (India) located at village and railway station, Riga, on Narkatiaganj- Samastipur meter gauge section of Northern Eastern Railway.

SUGAR: Company’s sugar factory is one of the oldest sugar factory in India which was set-up in 1933 by The Belsund Sugar & Industries limited under British Management which was taken over by Dhanukas in 1950. Under the Scheme of Arrangement as sanctioned by Hon’ble Calcutta High Court the sugar factory was transferred w.e.f.1.10.1981 to Riga Sugar Company Limited which was incorporated on 2nd September,1980. The initial installed capacity of the sugar plant was 800 TCD which was increased to 1200 TCD in 1956 than increased to 2000 TCD in 1987-88. In 1995-96 the company undertaken Expansion-cum-Diversification scheme whereby the capacity of sugar plant was increases to    2500 TCD and New Distillery Plant of 50 KLPD was set-up.

In 1999-2000 the company implemented the scheme of  Sugar Technology Mission (STM) project for Technological Upgradation-cum-Capacity Optimisation Scheme of Sugar Unit as approved by STM, Government of India at the Projected cost of 2675 Lacs and simultaneously undertaken  expansion scheme for increasing the capacity to 3500, which was completed in the season 1999-2000. Consequent to said STM Scheme the Major machineries of the sugar plant was newly installed like replacement of entire Mills, addition of Boiler, Turbine and Equipments in Boiling/Manufacturing House.

Again in 2006-07 the company undertaken project of expansion of sugar plant to 5,000 TCD at cost of Rs. 35 Crores and achieved the enhanced capacity of 5000 TCD in current season 2010-11.   

DISTILLERY: The company’s 50 KLPD Distillery Plant was set-up in September, 1995 for manufacturing and marketing of Molasses based Alcohol. Alcohol production was stopped from 1st April-2016 due to prohibition in Bihar. It now produces only Ethanol.

ETHANOLThe New Ethanol Plant of 45 KLPD commenced commercial operation from 4th April, 2007 and has been supplying Ethanol to Oil companies at different locations in Bihar for admixing with Petrol.  

CO-GEN OF POWER: The company has got 11 MW of producing capacity. 3 MW of power is exported and balance is used in house.

ORGANIC & BIO-FERTILISERSThe company manufacture BIO-COMPOST in the name of HARABHARA FERTILISER -KRISHI-LABH by using Distillery Effluents on press mud of sugar which is very useful for foodgrains, vegetable, fruits, sugarcane, tea plant etc. The company also produces vermin-compost. The company produces bio-fertilisers and Booster.