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HomeSugar Industry NewsSakthi Sugars to sell Odisha sugar plant

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.

The above news was originally posted on www.canindia.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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