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Thiru Arooran Sugars informs about company updates

06 Jan 2016 Evaluate

Thiru Arooran Sugars has informed that the Company has received USD 35.35 million equivalent to Rs 232 crore as advance against export of sugar over the next 8 years. The advance received has been primarily used for repayment of the credit facilities availed by the Company from various Banks. The advance carries interest as per extant RBI Guidelines and is expected to reduce the financing costs of the Company.

The above information is a part of company’s filings submitted to BSE.

 

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