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The Company was incorporated as a public limited Company on 12th December, and the Certificate of Commencement of business was obtained on 18th December. It was originally promoted jointly by Punjab Aro Industries Corporation (PAIC) and Mukerian Papers Ltd. Subsequently Mukerian Papers Ltd. its nominee Companies including Malwa Cotton Spinning Mills Ltd,. and Punjab Woolcombers Ltd. took over the Control of the Company. The Company had set up a plant for the manufacture of white crystal sugar with an installed capacity of 2500 TCD, expandable upto 3500 TCD at Punjab. The plant had also certain additional capacity of 2500 TCD, expandable upto 3500 TCD at Punjab. The plant had also certain additional facilities like co-generation of power to the extent of 6.6 M.W. Commercial production was commenced from 1st November. Sales amounted to Rs 37.40 crores. The production of sugar was 22,282 tonnes at an average recovery of 8.89%. The Company proposed to increase the sugar plant capacity to 3,500 TCD by modification in the existing plant and was also planning for forward integration by setting up a plant for manufacturing of Ethyl Alcohol from Molasses. The Company produced 49,998 tonnes of sugar in 209 crushing days. Products:
1. Bagasse
2. Miscellaneous
3. Molasses (By-Product Of Sugar)
4. Sugar.
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