Dharani Sugars exits CIRP, resumes operations in 3 months under Palani G Periasamy.
Dharani Sugars & Chemicals Ltd (DSCL) successfully exited the Corporate Insolvency Resolution Process (CIRP) and regained control under promoter Palani G Periasamy. DSCL's three Tamil Nadu factories will resume operations in three months, collaborating with 35,000 cane growers. The company was admitted into CIRP due to unpaid loans, but India's sugar sector has promising growth prospects due to increased demand and ethanol production support.
May 10, 2024
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