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Mawana Sugars to sell chemical Biz

24 May 2011 Evaluate

A month after Kanoria Chemicals sold its chloro chemicals business to Aditya Birla Group for Rs 830 crore, Siddharth Shriram-controlled Mawana Sugars has initiated the process for selling its chemical business. The proceeds would be used to bring down the company's debt, currently at Rs 470 crore, to below Rs 200 crore.

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Peers

CHEMICAL UNIT PRODUCES

Product

Installed capacity (tonnes per annum)

Caustic soda

82500

Stable bleaching powder

18000

Chlorine

73095

Company Name CMP
E.I.D. Parry (I) 704.10
Shree Renuka Sugar 23.52
Triveni Engg. & Inds 246.50
Balrampur Chini Mill 677.35
Bajaj Hindusthan Sug 19.66
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