05-02-2022 03:54 PM | Source: IANS
Sakthi Sugars to sell Odisha sugar plant
Coimbatore based sugar major Sakthi Sugars Ltd on Monday said it will sell its sugar and distillery units in Odisha and the soya factory in Tamil Nadu.
The company's board approved the sale of these two plants at its meeting.
The decision to sell the plants is taken to reduce the company's debt levels.
Sakthi Sugars acquired the Odisha sugar unit several decades back.
The company is into production of sugar, power, industrial alcohol and soya.
Latest News
Dovetail Group Achieves Great Place to Work? Certifi...
Sensex falls more than 800 points, L&T drags Nifty
Occupiers across major markets in India willing to p...
Maruti Suzuki India rises on launching new Swift
Quote on Akshaya Tritiya Investment Wisdom! by Risha...
India`s steel demand likely to grow at 10% over next...
India`s outward FDI falls 18.29% to $2943.98 million...
DBS Bank India Unveils New initiative to Support Wom...
Mercury Ev-Tech jumps on getting nod to acquire 65% ...
India`s SBI Q4 profit jumps 24% on strong loan demand