| Updated on February 17, 2016 Published on February 17, 2016

Swarnajyothi Agrotech & Power Ltd has informed BSE that the Company with the help of an ARC for the Debt restructuring for revival of the manufacturing activities by reducing the Bank liability. The Castor division activity will stated from March 2016 onwards. The Company is in the process of arranging the funds by entering into the fresh agreements with lenders to operationalize the castor division production activities.

This reduction in the liability will stabilize the Company’s financial strength. The new financial year will be very attractive for the Company, as it has bagged premium orders from both overseas and domestic customers also the prices of the raw materials have come down drastically.

Source : BSE - >www.bseindia.com

Published on February 17, 2016
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