Sheel International Limited was established in the year 1992 to produce milk
products like Butter, Pure ghee, Milk powder, Skim milk and Liquid Milk. Government of
India emphasized under its various program for nourishment of children, youth,
old ager's and promote production of dairy items.The company got
good maket response because of expertise of management who were well experienced
in Dairy business.
But due to creation of excess capacity in the Buland Shahar District and Scarcity
of Raw milk due to purchases made at exorbitant price by Mother Dairy and Amul for Liquid
Milk supply in Delhi the surplus milk available for milk processing remained
less, as a result costs went high and operation become non viable and management
had to take the decision to stop the manufacturing in November 1998 and file
application with the BIFR for declaration a sick company under section 15(1) of
the Sick Industrial Company (Special Provision) Act, 1985. The hon'ble BIFR / AAIFR declined to declare
the sick company as and dismissed the application / petition of the company.