Chennai, May 2 (SocialNews.XYZ) 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.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz