Thiru Arooran Sugars has received 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.
Thiru Arooran is basically a sugar company, which is in the business of manufacturing sugar, portable and industrial alcohol and ethanol. It operates from Tirumandankudi in Thanjavur district and Chittur in Cuddalore district of Andhra Pradesh. The company has a sugarcane crushing capacity of 7,500 MT per day and a distillery with 60 KLPD.
