Advance received utilised for repayment of credit facilities
Thiru Arooran Sugars has received USD 35.35 million equivalent to 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.Powered by Capital Market - Live News
