It was established over 15,000 acres and the location was named Shakarnagar and was the largest sugar factory in Asia at that time.

The NSF has lands in Bodhan, Yedpalli, Kotgir and Renjal mandals, with some parcels auctioned in 2001.

In 2002, the factory was privatised by N. Chandrababu Naidu and then it began incurring heavy losses.

It was set up by the Nizams about 80 years ago and was earning profits till it fell on hard times leading to its privatisation in public – private participation.

[3] As of 2015, the state government owns 49 percent of the factory, with the remaining controlling stake behind held by Delta Sugars.