Corporate Overview

We are a diversified, integrated and forward-thinking conglomerate engaged in sugar, cogeneration, alcohol (ethanol, Indian Made Indian Liquor and Indian Made Foreign Liquor), power transmission, and water business.

Management Statements

Each of our businesses is today among the leading players in its respective segment, with large and growing capacities. This insulates us from sectoral volatility and macro headwinds, resulting in sustained, resilient performance and value creation.

Management Discussion and Analysis

Our journey of building businesses that stand the test of time is a testament to our focus on value creation.

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Home | Corporate Overview | Our operating businesses

OUR OPERATING BUSINESSES

United in vision, powered by diversity

Sugar Business

Maximising value across the value chain, from farm to future

Our manufacturing presence

Western UP

1. Deoband (Refined Sugar)

2. Khatauli (Refined Sugar)

3. Sabitgarh (Refined, Pharmaceutical Sugar)

4. Shamli (SSEL) (Crystal Sugar)

Eastern UP

1. Ramkola (Crystal Sugar)

Central UP

1.Rani Nangal (Crystal Sugar)

2. Milak Narayanpur (Refined)

3. Chandanpur (Crystal Sugar)

Our edge

  • 8 strategically located sugar mills; 7 FSSC (Food Safety System Certification) 22000 certified.
  • Manufacturing excellence underpinned by strong sugar recoveries, efficient operations, regulatory compliance and high-quality standards.
  • Strong relations with 3.60+ lakh sugarcane farmers driven by timely payments, sugarcane development programme, and digital support.
  • Prestigious customers across beverage companies, breweries, pharmaceutical companies, confectioneries, dairy and ice cream producers, and large institutions (for premium crystal sugar).
  • 104.5 MW cogeneration capacity for captive needs, and surplus sold to Uttar Pradesh Power Corporation Limited (UPPCL).

Our products

  • Multi-grade - large, medium and small white crystal sugar.
  • Refined Sugar (for high-grade end users), Raw Sugar (for export), Pharmaceutical‑grade Sugar.

FY 25 performance snapshot

  • 9,16,060 tonnes (SS 25) sugar production (↑ 2.9%).
  • 8,86,558 tonnes sugar despatches (↑ 3.6%).
  • ₹ 39,192/MT average blended realisation (↑ 2.7%)
  • Closing sugar inventory of 60.4 lakh quintals.
  • Completed ~60% varietal substitution, with focus on low-lying areas, to ensure more resilient crops and supply reliability.

Alcohol Business

Fuelling a greener energy future

Our manufacturing presence#

Western UP

1. Muzaffarnagar 2 Facilities: Molasses 200 KLPD and Grain 60 KLPD

2. Sabitgarh Facility: Molasses 200 KLPD

Central UP

1.Rani Nangal Facility: Multi-feed 200 KLPD

2. Milak Narayanpur Facility: Multi-feed 200 KLPD

#Not including SSEL’s distillery of 100 KLPD (Kilo Litres Per Day)

Our edge

  • Ultra-modern and highly efficient distilleries ensure we have high recoveries with optimal supplementary fuel while adhering to Environment, Health, Safety and Sustainability standards.
  • Integrated operations ensure assurance of feedstocks (molasses, syrup) and fuel (bagasse).
  • Flexibility of feedstock across molasses and grain (rice, maize).
  • Diversified and reputed customers across Oil Marketing Companies (OMCs), Fertiliser Companies, Institutional Customers, B2C (Consumers) etc.
  • Generating value from by-products like Distillers Dried Grain Solubles (DDGS), Potash-rich ash and CO2.

Our products

  • Fuel-grade Ethanol, Extra Neutral Alcohol and Rectified Spirit.
  • Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL).

FY 25 performance snapshot

  • 2,00,083 KL production (↑ 8.5%); 52% Ethanol/ENA produced from grain-based feedstocks and 48% from sugarcane-based feedstocks.
  • 2,01,568 KL sales (↑ 10.3%) with average realisation of ₹ 62.6/ltr (↑ 6.1%).
  • Ethanol constituted 92% of alcohol sales as compared to 93% last year.
  • 55.7 lakh cases IMIL sales (↑ 24.5%).
  • Commissioned 200 KLPD multi-feed Rani Nangal facility.
  • Initiated IMFL operations with the launch of two premium brands.

Triveni Power Transmission Business

Triveni Power Transmission Business delivers innovative, value-engineered and highly reliable products and solutions in the areas of Gears and Defence. Through sustained business excellence, we have become the largest manufacturer of high-speed gears and gearboxes in India, South Asia, and Southeast Asia, and a leading player in turbo gears. Our capabilities and reliability have made us a preferred partner for customers both in India and globally.

Packed with cutting-edge technology, fully integrated manufacturing infrastructure, and commitment to innovation, operational excellence and customer care, we continue to deliver world-class products across the globe.

Our edge

Proven track record

With an installation base of over 12,500 high-speed gearboxes across 90+ countries, Triveni serves a wide range of applications and industrial segments. Our consistent pursuit of excellence has earned us the prestigious CII-EXIM Bank Business Excellence Award thrice.

Certification and compliance

All products and processes are benchmarked against global quality standards and 5S practices. A modern and well-equipped metallurgical laboratory ensures stringent quality control of input raw materials. Our products are CE, ATEX and TRCU Certified and conform to the industry standards like API, AGMA, DIN and ISO.

Design edge

Our design superiority is driven by technical leadership, proactive R&D culture, skilled technology team and best engineering practices backed by robust software solutions.

Manufacturing excellence

Our fully integrated, world-class manufacturing set-up features well-established process flows and optimised plant layouts to ensure efficient cycle times. High-end machinery and highly skilled manpower enable us to deliver superior and reliable products. Our plants are ISO 9001, ISO 14001 and OHSAS-18001 certified.

Supply chain competencies

We maintain long-term relationships with approved suppliers who adhere to global quality standards, enabling us to meet stringent quality requirements.

State-of-the-art testing infrastructure

Our modern assembly and testing bays are equipped with fully integrated test benches (10 MW, 25 MW, and 90 MW). Supported by experienced technicians, we conduct comprehensive inspection and testing to ensure that every product performs at or above customer expectations.

Note:

Note: CE - Conformité Européenne

ATEX - ATmosphères EXplosibles

TRCU - Technical Regulations of the Customs Union

API - American Petroleum Institute

AGMA - American Gear Manufacturers Association

DIN - Deutsches Institut für Normung

ISO - International Organization for Standardization

Our product offerings

Gears portfolio

New products

  • Secured orders for propulsion shafting and technology development for surface ships, and developed fin stabiliser control systems with global technology partners.
  • High-power and high-speed gears for steam and gas turbines, compressors, pumps, blowers, and other special-purpose industry applications.
  • Low-speed gearboxes for diverse industries.

Replacement solutions

  • Repair and refurbishment of global and domestic brands.
  • Troubleshooting & problem-solving Root Cause Analysis (RCA).
  • Diagnostic study and inspection.
  • Commissioning support.
  • On-site training and assistance.
  • Spares and service consumables.
  • Annual maintenance contract.
  • Overhauling.
  • Uprating.
  • Dimensioning & replacement of part and complete gearbox.
  • Speed change.

Defence portfolio

Defence portfolio

  • Propulsion and other critical gearboxes.
  • Critical turbo and motor driven pumps.
  • Gas turbine generators for auxiliary power.
  • Fin stabilisers.
  • Propulsion shafting.
  • Winches.
  • Engineered solution.

FY 25 performance snapshot

Booked new orders worth ₹ 475.4 crore (↑ 26.6%) and closed the year with an order book of ₹ 389.4 crore (↑  35.5%).

Initiated expansion to enhance annual capacity in the Gears segment (excluding defence) to ₹ 700 crore (revenue) by September 2026.

Registered strong export growth fuelled by increased customer engagement and receipt of qualification orders across product lines.

Water Business

Solving water challenges

Our edge

  • Leading provider of efficient and sustainable water management solutions for industrial, municipal and urban applications.
  • Diverse delivery model including Engineering Procurement and Construction (EPC), Public Private Partnerships (PPP), Hybrid Annuity Model (HAM), and Build Own Operate Transfer (BOOT).
  • Proven track record of 40+ years with 100+ large projects executed across India.
  • Serving diverse industries: Municipal Wastewater Treatment Plant (WTP), Sewage Treatment Plant (STP), Common Effluent Treatment Plant (CETP) and zero liquid discharge system for Industrial clusters, Refineries, Coal, Sand Processing Plant, Non-ferrous Industries, Oil & Gas, Thermal and Hydro Power Plants, Steel Plants, Sugar & Allied Industries, Desalination.
  • Global delivery capabilities spanning India, the South Asian Association for Regional Cooperation (SAARC), the Middle East, Europe, and Africa.
  • In-house manufacturing capacity in National Capital Region (NCR) for specific equipment manufacturing.

Solutions and services offered

  • Solutions: Water treatment, water & wastewater network management, WTP, STP, desalination for seawater & brackish water, recycle and zero liquid discharge.
  • Service: Operations and maintenance, annual maintenance contracts, product & process audits, health check-ups, upgradation of existing plants, spares and service, on-site support.

FY 25 performance snapshot

  • During the year, WBG has secured two orders i.e. Prayagraj STP from UP Jal Nigam and Vadodara Sewage Recycling from Vadodara Jal Sanchay Pvt Ltd. (VJSPL), aggregating to ₹ 586.2 crore.
  • ₹ 1,600.8 crore closing order book.
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