TASL TO IMPLEMENT THIRD SUGAR MILL AS SEPARATE VENTURE
Article Abstract:
Thiru Arooran Sugars Ltd (TASL) of Chennai plans to set up its third sugar unit at Tiruvidaimarudur in Thanjavur district as a separate venture. The new mill, on which TASL has already invested Rs15 crore, will be executed through Shree Ambika Sugars Pvt Ltd, its new subsidiary. It is estimated that the new mill will cost Rs64.5 crore in the first phase and will have a capacity of 2,500 tonnes crushed per day (tcd). The mill is expected to be commissioned by December 1998. TASL will invest Rs29 crore while the balance will be funded by a term loan of Rs35.6 crore given by the Industrial Development Bank of India. TASL has two units at Thanjavur and Nagapattinam districts, having an aggregate capacity of 7,500 tcd. TASL also has a distillery and a 46 mw co-generation plant. (khr) COMPANY: Thiru Arooran Sugars Ltd
Comment:
Plans to set up sugar unit in Thanjavur district as separate venture that will be executed via subsidiary Shree Ambika Sugars
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PARITY IN LOCAL, LANDED SUGAR SOUGHT
Article Abstract:
The Indian sugar industry has sought price parity between landed sugar and domestic sugar. The domestic sugar industry has been affected by cheaper imports due to lack of countervailing duty. The Indian Sugar Mills Association has sought a level playing field to compete with international quality in terms of price. The industry is against the government's decision to import 10 lakh tonnes of sugar this season. India is expected to produce 120 lakh tonnes of sugar in 1997-98. This along with a carry over stock of 65 lakh tonnes and import of 5 lakh tonnes will make 190 lakh tonnes of sugar available for consumption. The annual domestic consumption is estimated at 145 lakh tonnes. India is likely to have a surplus of 45 lakh tonnes of sugar. (ag)
Comment:
India: Domestic sugar industry has been affected by cheaper imports due to lack of countervailing duty on landed sugar
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DHAMPUR SUGAR MILLS
Article Abstract:
Dhampur Sugar Mills Ltd (DSML) has received an A+ rating for its Rs15 crore non convertible debenture programme from the Credit Rating Information Services of India Ltd (Crisil). Crisil has reaffirmed the rating of A+ given to an earlier debenture programme. It has also reaffirmed the P1 rating given to the commercial paper programme and the FA+ rating given to the fixed deposit programme of DSML. (ag)
Comment:
Gets A+ rating for its Rs15 crore non convertible debenture program from the Credit Rating Information Services of India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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