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Saraswati Industrial Syndicate is a 58-year old company listed on the Delhi Stock Exchange. The chairman & managing director is D D Puri and the joint managing director is Ranjit Puri. The company has interests in sugar, engineering, steels, etc. Saraswati Industrial Syndicate's sugar mills are located at Yammunanagar, the engineering division at Yamunanagar and Calcutta and the steel division at Muzaffarnagar (UP).
Business areas of the company:
Saraswati Industrial Syndicate manufactures bars and rods, metal, machine tool parts and accessories, steel and sugar products. The company's principal activity is to manufacture engineering equipments. It operates in two segments: Engineering and Sugar. Engineering comprises production and sales of heavy engineering equipments, mechanical and hydraulic presses and castings and construction and erection of plant and machinery. Sugar consists of manufacture and sale of sugar. The Group's products include pressure vessels and heat exchangers, presses, boilers, steel castings, sugar plant and machinery, iron castings and liquefied gas container.
Net profit of Saraswati Industrial Syndicate declined 28.20% to Rs 10.95 crore in the quarter ended June 2009 as against Rs 15.25 crore during the previous quarter ended June 2008. Sales rose 56.77% to Rs 429.54 crore in the quarter ended June 2009 as against Rs 273.99 crore during the previous quarter ended June 2008.
Competitors:
• SAIL • Tata Steel • JSW Steel • Bhushan Steel • Essar Steel • Jindal Saw, etc.
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