Support and Resistance Levels
Past performance
About Ugar Sugar Works Ltd Ugar Sugar Works Limited (USWL), established in 1939, is a prominent player in the sugar industry in Karnataka, India. It operates plants in Ugarkhurd, Belagavi, and Malli-Nagarhalli, Kalburgi. The company is involved in the production and sale of sugar, industrial and potable alcohol, and the generation and distribution of electricity. It has expanded its sugar crushing capacity to 10,000 TCD and its co-generation capacity to 44 MW. USWL has ventured into bottling agreements and established a subsidiary for consultancy services in the sugar industry.
The company has previously explored alternative energy through wind power but has since sold its wind mills in Tamil Nadu. A significant development includes the commissioning of a 45 KLPD distillery unit in 2012. In 2022, USWL announced a merger with Ugar Theaters Pvt. Ltd., highlighting its strategic diversification. USWL's partnership with UDV India Ltd for bottling and other distilleries highlights its growing footprint in the alcoholic beverage sector.