Rana Sugars today said it has appointed consultants for valuation of the company's main businesses -- sugar, power and distilleries -- and would look at different options, including demerger.
The company's board of directors, in its meeting held on June 5, had approved the appointment of some reputed appraisal agencies to do valuation of these businesses, Chandigarh-based Rana Sugars said in a filing to Bombay Stock Exchange.
"On the receipt of valuation report, the board will evaluate different options, including demerger of the sugar, power and distillery business activities of the company," it added.
The company has four manufacturing facilities in Uttar Pradesh and Punjab with a cane crushing capacity of 15,000 tonnes per day. It also has a co-generation capacity of 68 Mw.
Rana Sugars has set up its first alcohol distillery in Punjab. The distillery uses molasses, a by-product of the sugar-manufacturing process.