The CBI had registered a case against the sugar mill, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with the alleged bank loan fraud case.
Sanjay Tapriya, CFO, Simbhaoli Sugar Mills, in an interview with CNBC-TV18 talked about how the restructuring exercise the company is planning to for its power business is likely to benefit its sugar business.
In an interview with CNBC-TV18, Sanjay Tapriya, CFO, Simbhaoli Sugar Mills says, March quarter result has been reasonably satisfactory. He says, sugar prices won’t fall much. “The market is likely to remain flat at this level of about Rs 27-29 in North India and Rs 25-26 in the central part of India,” he adds.