Investor Centre : Press Releases
Simbhaoli Sugar Mills awarded three International Certifications for quality management --- Upbeat on Sugar Exports
New Delhi, April 8, 2006: The Simbhaoli Sugar Mills Limited, (SSML) having India’s largest integrated sugar refinery complex at Simbhaoli (Ghaziabad, Uttar Pradesh- Capacity 9500 TCD), has been awarded three international certifications for quality standards at a function held this evening. Mr. P. J. Singh ------ of Det Norske Veritas presented the certificates to Mr. Gurmit Singh Mann, CMD, Simbhaoli Sugar Mills Ltd.
Commenting on the same, Mr. Gurmit Singh Mann, Chairman and Managing Director, The Simbhaoli Sugar Mills Ltd., stated, ” Our dream was to become the best in India and one of the best in the world in terms of product quality and consistency, hygienic standards and pollution abatement. For this we needed an international certification for the quality standards. Being pursued by this we decided to go in for an Integrated Management system comprising of ISO 9001: 2000 for Quality Management System, 14001:2004 for Environment Management System and HACCP: 2002 for food safety. I am proud to inform that with our dedicated efforts, extensive documentation, training at all levels, internal assessments, we have been able to achieve the same in 8 months.”
ISO 9001: 2000 is the international quality management system standard to improve customer orientation and overall quality system, ISO 14001:2004 enables us as to become a responsible corporate citizen to respect environmental issues, and the HACCP Certificate will ensure highest product quality to all our customers. Sugar and IMFL products are food products, and therefore quality certifications therein add to product/ customer’s confidence, as Mr Mann emphasized.
The Simbhaoli Sugar Mills Ltd is going in for major expansions. As a part of its growth plan, based upon its de-risked business model and diversifying revenue base, the Company has set up a new 4000 TCD sugar mill with cogeneration unit in Uttar Pradesh (West). The plant is likely to go on stream by the commencement of next season. In addition to this the Company is nearly doubling its ethanol capacity and enhancing surplus cogen to 38 MW/ Hr from 7 MW/ Hr.
The Company has improved its performance for the nine months ended December 31, 2005. The Company’s net profit has increased 252% with net sales recording a healthy 33% growth during the period. Due to realization of higher unit price and concentration on production of value-added products, the company’s profit before tax has touched Rs. 358.70 million as against Rs 98.87 million during three months ended December 31, 2005 and profit after tax Rs 235.82 million as against Rs 67.04 million during the corresponding period of previous year.