Dharani Sugars & Chemicals has requested the banks to re-structure the loans provided to the company under CDR Mechanism. The company expects to receive approval from individual banks approving the re-structuring proposals.
The company has received such approvals from Indian Bank, The Federal Bank, Central Bank of India, IDBI Bank, Bank of India and Union Bank of India. The company is expecting approvals from the other banks shortly.
Dharani Sugars and Chemicals (DSCL) is engaged in the manufacture of sugar, industrial alcohol and co-generation of power. DSCL has three sugar mills located across Tamil Nadu. These units are located in Dharani Nagar (Tirunelveli Dist.), Sankarapuram (Vilupuram Dist.) and Polur (Thiruvannamalai Dist.).
