- Business
- UR Sugar Industries Limited is an integrated sugar production company engaged in the manufacturing and refining of sugar, production of ethanol, and generation of power through its sugarcane-based operations. The company offers complete midstream services for sugar production, including sourcing high-quality sugarcane, processing, and refining sugar utilizing state-of-the-art technology. Additionally, it produces molasses and operates distillery and co-generation units, contributing to its diversified business within the sugar industry. UR Sugar Industries Limited also engages in trading activities involving metals, IT hardware, bullion, and fabrics, reflecting a multi-product trading business model. The company operates primarily in India, with its headquarters located in Belgaum, India, and was incorporated in 2010.
Recent major changes include the rebranding of the company from HKG Limited to UR Sugar Industries Limited in January 2023, signaling a strategic shift towards a focused approach in the sugar industry. Under the leadership of Managing Director Lava Ramesh Katti since August 2022, the company has embarked on expanding its operations by acquiring land for setting up a greenfield sugar plant with a distillery. This initiative marks a significant step towards enhancing its production capacity and forward-looking growth in sugar production. Moreover, the company has plans to diversify by actively engaging in the procurement, sale, export, and trade of various raw materials, intermediaries, and derivatives related to sugar and its by-products. The company continues to maintain its commitment to sustainable sugar production while expanding its operational footprint and market presence.
UR Sugar Industries Limited targets the agriculture and food processing sector, focusing on sugarcane farmers, sugar consumers, and business partners within the sugar value chain. Its operational activities also span related industrial sectors, including energy generation through co-generation plants powered by bagasse, a sugarcane by-product. The company maintains a vision to create sustainable value across its production and trading segments, supported by recent financial updates and strategic board decisions aimed at enhancing shareholder value and expanding operational capabilities.