Ugar Sugar Works

What Ugar Sugar Works does

The Ugar Sugar Works Limited is a publicly listed, family-controlled Indian integrated sugar manufacturer and the flagship of the Shirgaokar Group, operating since the 1941 crushing season at Ugar Khurd, Belagavi district, Karnataka. Its core business is the manufacture of white crystal sugar in M-30, S-30, and SS-30 grades from sugarcane, produced at the original Ugar plant and the newly commissioned Jewargi greenfield unit in Kalaburgi, with combined crushing capacity of 18,000 tonnes of cane per day (TCD). The company serves industrial sugar buyers, food and beverage manufacturers, and traders through direct B2B sales channels.

Name

Ugar Sugar Works

Legal name

The Ugar Sugar Works Limited

Website

https://ugarsugar.com

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ugar Sugar Works is an Indian integrated sugar, power, ethanol, and liquor manufacturer operating 18,000 TCD crushing capacity, 44 MW bagasse-based cogeneration, and a 75,000 LPD distillery, serving industrial buyers, OMCs, and state liquor distributors.

Ownership category

akta.pro rank

Headquarters

HQ city

Belgami

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Sugar Manufacturing and Sales: Core business manufacturing white crystal sugar (M-30, S-30, SS-30 grades) from sugarcane. Sugar sold to industrial buyers, traders, and through distribution channels. Crushing capacity of 18,000 TCD across Ugar and Jewargi plants.
2. Power Generation and Trading: Bagasse-based cogeneration power plant with 44 MW installed capacity. 28 MW exported to Karnataka grid (KPTCL) and through open access to consumers. First in India in cogeneration sector to sell power through open access to consumers. Operating season October to May (180-210 days).
3. Ethanol/Bio Fuel Sales: Ethanol production of up to 20,000 LPD supplied to petroleum companies (IOCL, BPCL) for blending with petrol. Part of India's E20 fuel mandate. Production based on azeotropic distillation method.
4. Indian Made Liquor (IML) Sales: Production and sale of IMFL brands including Old Castle Premium Whisky, U.S. Whisky, U.S. Brandy, U.S. Gin, Ugar XXX Rum, Gokak Falls Whisky, Milan Whisky, Hawk Gin, Gagarin Vodka. Distributed through MSIL (Government of Karnataka undertaking) in Karnataka, Kerala, Maharashtra, and Andhra Pradesh.
5. Industrial Alcohol Products: Rectified Spirit (75,000 LPD capacity), Extra Neutral Alcohol (ENA), and Malt Spirit production. Rectified Spirit used in medicines, syrups, perfumes, extra neutral alcohol, ethyl acetate and acetic acid. Malt spirit matured in oak vats for IML blending.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Ugar Sugar Works is an integrated sugar manufacturer producing white crystal sugar from sugarcane at its Ugar and Jewargi plants (18,000 TCD combined crushing capacity). Beyond sugar, it operates a 44 MW bagasse-based cogeneration power plant, distillery units producing ethanol, industrial alcohol (rectified spirit, ENA, malt spirit), and Indian Made Liquor (IML) brands such as Old Castle Premium Whisky and U.S. Whisky/Gin/Brandy, along with a Sugar Ship 100% Export Oriented Unit.

Differentiator

Problem solved

Functional benefit

Brands

• Old Castle Premium Whisky: IML brand - premium whisky manufactured at the distillery
• U.S. Whisky
• U.S. Brandy
• U.S. Gin
• Ugar XXX Rum
• Gokak Falls Whisky
• Milan Whisky
• Hawk Gin
• Gagarin Vodka
• Sugar Ship

Products and services

• White Crystal Sugar Manufactured in M-30, S-30, and SS-30 grades from sugarcane at Ugar and Jewargi plants with combined 18,000 TCD crushing capacity. Sold to industrial buyers, food and beverage manufacturers, and traders.
• Bagasse-based Cogeneration Power 44 MW bagasse-based cogeneration power plant — one of India's largest of its type. 28 MW exported to KPTCL (Karnataka grid) and through open access trading to industrial consumers. Operates during sugarcane crushing season (October to May).
• Ethanol / Bio Fuel Ethanol produced up to 20,000 LPD using azeotropic distillation method. Supplied to oil marketing companies (IOCL, BPCL) for blending with petrol under India's ethanol blending program (E20 mandate).
• Indian Made Liquor (IML) Premium IML brands including Old Castle Premium Whisky, U.S. Whisky, U.S. Brandy, U.S. Gin, Ugar XXX Rum, Gokak Falls Whisky, Milan Whisky, Hawk Gin, and Gagarin Vodka. Distributed through MSIL (Mysore Sales International Ltd), a Government of Karnataka undertaking, in Karnataka, Kerala, Maharashtra, and Andhra Pradesh.
• Industrial Alcohol Products Rectified Spirit (75,000 LPD combined capacity), Extra Neutral Alcohol (ENA), and Malt Spirit. Used in medicines, syrups, perfumes, ethyl acetate and acetic acid production. Malt spirit matured in oak vats for IML blending.
• Sugar Ship EOU 100% Export Oriented Unit (EOU) manufacturing sugar in the form of ships with European plant and machinery. ISO 22000 accredited. Exported to Europe and Middle East markets. Sales contact: ship.sales@ugarsugar.com.

Quantifiable outcome

• 18,000 TCD combined sugarcane crushing capacity
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Wipro LtdcoreImplementation/ SI/ Consulting Partner · 23 June 2008SAP implementation partner for Project Lakshya. Implemented SAP modules (FI, CO, SD, MM, PP, QM) across all business operations. Go-live completed December 5, 2008.
• Ugar Power Generation & Consultancy Services Ltd (UPGCSL)coreStrategic or Co-development Partner · 1 November 2006Group company providing consulting services on new cogeneration projects, equipment procurement, erection and implementation, and final commissioning in the cogeneration sector. Focuses on sugar industry power projects in India and overseas.
• Indian Sugar Exim CorporationminorOthers · 1 March 2003Board membership of R.V. Shirgaokar on Indian Sugar Exim Corporation for sugar trade and export operations.
• SSP Pvt. Ltd., FaridabadcoreTechnology or Integration · 1 January 2003Supplied biomethanation, evaporation and spray drying system for first-in-India zero pollution distillery effluent treatment plant. Treatment capacity of 3.6 lac litres per day for 30,000 LPD alcohol production.
• Associated Engineers, GujaratcoreTechnology or Integration · 1 January 2003Commissioned ethanol plant with capacity of up to 20,000 LPD based on azeotropic distillation method using benzene as entrainer.
• Shin Nippon (Japan)coreTechnology or Integration · 1 January 1999Supplied back pressure turbine for power generation expansion. 22.8 MW Shin Nippon turbine added in 2001.
• ThyssenKruppcoreTechnology or Integration · 1 January 1998Supplied high-pressure boilers (2 x 80 TPH, 62 kg/cm2, 480°C) for 44 MW bagasse-based cogeneration power plant.
• Praj IndustriescoreTechnology or Integration · 1 January 1994Supplied new 45,000 LPD distillery plant with continuous fermentation technology. Plant has high level of computerization and automation with copper construction for quality spirit production.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Uttam Sugar Mills: Integrated Indian sugar producer with distillery and cogeneration operations serving OMCs. Comparable in scale, integrated operations, and reliance on government ethanol policy.
• EID Parry (India): Murugappa Group sugar manufacturer with significant distillery (ethanol) and cogeneration operations. Comparable integrated sugar-ethanol-power business model and South Indian presence.
• Dhampur Sugar Mills: Integrated sugar and ethanol manufacturer in North India with cogeneration and distillery operations. Comparable in operating integrated model and B2B ethanol offtake to OMCs.
• Triveni Engineering & Industries: Major Indian sugar producer with substantial ethanol distillery and cogeneration capacity. Comparable in integrated sugar-ethanol-power model and focus on ethanol blending program participation.
• Bajaj Hindusthan Sugar: Largest sugar manufacturer in India by capacity with integrated distillery and cogeneration. Comparable integrated model serving OMC ethanol offtake and power markets.
• Dalmia Bharat Sugar & Industries: Integrated sugar producer with distillery and cogeneration operations across multiple Indian states. Comparable in product mix and integrated value chain approach.
• Sakthi Sugars: South India-focused integrated sugar producer with sugar, distillery and power cogeneration. Directly comparable on geography, product mix, and integrated operating model.
• Balrampur Chini Mills: One of India's largest integrated sugar producers with sugar, distillery (ethanol), and cogeneration operations. Closely comparable business model with multi-state footprint and similar exposure to ethanol blending mandates.
• Shree Renuka Sugars: One of India's largest sugar and ethanol producers with integrated operations and a substantial EOU/export focus. Comparable in integrated sugar, ethanol, and power cogeneration model.

Broad incumbents

• Coromandel International: Diversified fertilizer and agri-input major that interfaces with sugarcane growers in the same catchment. Comparable as a related agri-business participant serving Indian farmers in Ugar's procurement region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ugar-sugar-works-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ugar Sugar Works