The factory management has announced last week that it had decided to shut the factory, owing to above ₹120 crores of loss in the present fiscal, according to Delta Sugars Limited Plant Manager M. Rajababu. “The farmers have all set for the crushing season, including arranging the bullock-carts for transportation of the sugarcane. In 2001, the State government sold the mill with above 100 acres of land and sugar factory machinery to the Delta Sugars Limited for ₹11.8 crore. It appears that the company management is exploring commercial plans on the factory site,” AP Sugarcane Farmers’ Association State secretary M. Haribabu said. On the other hand, the farmers are planning to meet Chief Minister N. Chandrababu Naidu against the closure.

Source: The Hindu October 25, 2017 17:37 UTC