Rabo India Finance has concluded a Rs 40 crore medium term debt restructuring exercise for Ugar Sugar Works Ltd (USWL), the second largest single location sugar manufacturer in southern India and the largest co-gen plant in India. | |
| The refinancing will help USWL reduce its interest costs. |
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| Rabo India Finance is the sole term lender to the company. Sanjiv Bhasin, chief executive officer (CEO), Rabo India Finance, said: "The financing provided by Rabo India would enable USWL to support its plans of efficient and profitable business growth." |
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| USWL is a fully integrated sugar mill facilitating optimum utilisation of by-products like molasses and bagasse. It also sells the surplus electricity to Karnataka Power Transmission Corporation. |
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| Shishir Shirgaokar, wholetime director, USWL said: "Rabo India's facility has enabled us to realise huge savings in interest costs, adding significantly to the bottom line". |
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