Duncans Industries

Duncans Industries Limited operates in the tea business, with its core activities being the cultivation, growing, and processing of tea. The company is a sick industrial company and is implementing a Rehabilitation Scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR). As part of this scheme, its Fertilizer Undertaking was de-merged and transferred, leaving the tea operations as the company's main focus. The management has taken steps to revamp the tea business operations, with a strong demand for CTC teas in which the company predominantly engages. To improve long-term prospects, the company is focusing on uprooting and replanting old tea bushes across its estates. In the last year, the company produced 129.80 lakh kgs of tea and sold 127.81 lakh kgs at an average price of ?144.42 per kg.;