Demonetisation has not impacted Ugar Sugar much as payments for cane are directly made in to the farmers account, says Niraj Shirgaokar, MD of company.
Ugar Sugar Work's Jewargi Unit is under losses but the unit has performed well during the season 2009-10. In spite of that there have been talks that the company is planning to sell off the Jewargi unit for a better offered price.