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Thiru Arooran Sugars soars on receiving Rs 232 crore as advance against export of sugar over next 8 years

06 Jan 2016 Evaluate

Thiru Arooran Sugars is currently trading at Rs. 46.30, up by 1.40 points or 3.12% from its previous closing of Rs. 44.90 on the BSE.

The scrip opened at Rs. 44.45 and has touched a high and low of Rs. 49.35 and Rs. 44.45 respectively. So far 106820 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.25 on 15-Jan-2015 and a 52 week low of Rs. 22.15 on 11-Sep-2015.

Last one week high and low of the scrip stood at Rs. 49.35 and Rs. 40.30 respectively. The current market cap of the company is Rs. 53.58 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 2.23% and 35.45% respectively.

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.

Thiru Arooran Sugars Share Price

6.83 0.00 (0.00%)
31-May-2021 18:01 View Price Chart
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