History

Sindh Abadgar’s Sugar Mills Limited (SASML)

The company was incorporated in Karachi, Pakistan on January 28, 1984 as a Public Limited Company and its shares are quoted on all the Stock Exchanges in Pakistan. With effect from 18-11-1998, the Central Depository Company (CDC) also declared SASML’s shares as eligible securities. The mill is located at Deh. Deenpur, Taluka. Bulri Shah Karim, District. Tando Mohammed Khan in the province of Sindh and registered office is situated at 209, Progressive Plaza, Beaumont Road, Karachi in the province of Sindh. The Company is principally engaged in the manufacture and sale of sugar.

SASML is one of the sugar manufacturing unit of the country. The company was set up with an Authorized and Paid-up Capital of Rs.125.000 million and Rs.104.250 million respectively. Its manufacturing facilities are located at Deh. Deenpur, Taluka. Bulri Shah Karim, District Tando Mohammad Khan in the province of Sindh on 205 acres and its Initial crushing capacity was 2,000 tcd extendable to 3,000 tcd. However present crushing capacity has been enhanced to 8,000-10,000 in view of BMR undertaking from time to time during the period in phases, replacing major equipment like Boiler, Turbine, Turbo Alternators, Centrifugal, Shredder etc. by modern technology equipment.

The plant is basically designed by HMC consisting HMCs own supply and certain imported components such as Turbines, Turbo Alternators, Centrifugal, Gears and other essential equipment not made locally.

The project financing was jointly done by NDFC and BEL consortium for Local and Imported Machinery and Bridge financing for Public Issue of Shares, etc.

Sale of sugar is mainly made through brokers locally and also exports to other countries as and when allowed by the Government against sight LCs and cash advances. Up to date figures asunder,

Year

Metric Tons

1998-1999

10,518
2007-2008

9,915.50

2011-2012

9,466

2012-2013

14,846

2013-2014

21,848

2014-2015

11,767

2015-2016

2016-2017

39,488

2017-2018

24,068

The Molasses is also sold to exporters and local buyers for their Industrial Alcohol Plants (Distilleries) directly or through Agents.

During the year 1997 SASML acquired ISO-9002 Certification, being the first company in the sugar industry to receive this distinction.

The SASML is also the pioneer of introducing and implementation of IT-based systems i.e. computerization of entire activities of A/Cs, Finance, Cane, Chemical departments, Exports etc. since its inception.