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Ravalgaon Sugar Farm receives approval for sale of assets

Ravalgaon Sugar Farm has received approval from its board for sale of land measuring 1,118 sq meters along with staff quarters (built up area 330 Sq meters) on an as is where is basis for Rs 28 lakh (all inclusive), sale of candy sugar plant and machinery on an as is where is basis for Rs 75 lakh plus taxes and sale of candy sugar plant structure subsequent to the sale of plant and machinery. The company has also received approval for capital expenditure of Rs 18 lakh towards construction of factory compound wall plus additional Rs 20 lakh for any additional steps required to protect the property, as and when required in the future.

Ravalgaon Sugar Farm is one of the leading houses in the Indian Sugar and Confectionery industry.

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