Mawana Sugars’ board of directors in its meeting held on July 15, 2013 has approved to dispose off 23,00,000 equity capital held by the company in Ceratizit India (CIPL), a joint venture company for a total consideration of Rs.16 crore. This is a non-core investment made by the Company over 20 years ago.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils. The company has at present two sugar divisions / units / undertakings viz. at Mawana Sugar Works (MSW) at Mawana, dist. Meerut and Titawi Sugar Complex (TSC) at Titawi, dist. Muzaffarnagar, both in Uttar Pradesh. Both the units are engaged in the business of manufacture and sale of sugar.
