Shakarganj Mills established 40 years ago and still enjoying its excellence. It is the first Pakistani company which has received Intel-Asian institute of management corporate responsibility award.
The company started its operations in 1974. There are several primary functions of Shakarganj mills i.e. it does sugarcane breeding to grow high yielding which has a variety to go against biotic and antibiotic stresses. Company owns a capacity of textile business i.e. 25,856 spindles for cotton spinning and 2,304 spindles for doubling. It has a research development institute that works on investigating agronomic problems which causes troubles in sugarcane production and makes them sustainable. Also it has diversified operation in textiles and food.

Shakarganj has its own environment, health and safety policy and it runs its operations that are in the favor of environment. It continually improves its operations, workplace and working environment to make it safe and healthy for workers. It guarantees the execution necessities ensuring health, safety and, freedom of association, disciplinary practices and compensations as well as policies against child and forced labor, unfairness. The company exercises a life cycle approach to minimize the EHS (environment, health and safety) impact of its product from extraction of raw material till the end product. It conveys its policies not only to workers rather to its suppliers, contractors and consultants and expects them to be stick on defined rules and policies.

Shakarganj has good timely credit payment history therefore The Pakistan Credit Rating Agency Limited assigned the long-term and short-term entity ratings of “BBB+”and “A2” to the company. These ratings donated low credit risk expectation and adequate capacity of repayments to the company. Company has relatively edgy capital structure, these ratings recognizes the management’s constant efforts to reduce interdependency of various segments i.e. sugar, ethanol, and particleboard which brings stability in core revenues and cash flows.

The company started a new biogas power plant in Jhang to overcome 3500MW energy shortage. It’s a renewable energy plant that produce energy with sugarcane waste biogas generated from the production of ethanol. This energy helps company to fulfill its site requirements and remain competitive. The plant produces 20,000t of certified emissions reduction annually. MD of company Mr. Asghar Qureshi said that Pakistan produces 225 million liters of ethanol annually, so I suggest others to install the same plant to support energy needs at national level as it’s enough to support 50,000 homes in Pakistan.

http://www.pacra.com/pressrel/SML_P07.pdf http://www.shakarganj.com.pk/ http://shakarganj.com.pk/mills/reports_09_annual/Shakarganj%20Sugar%20Research%20Institute%20Review.pdf http://shakarganj.com.pk/mills/reports_09/june-09.pdf http://eco2data.com/project/51769
http://www.power-technology.com/contractors/cogeneration/jenbacher/press53