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Mawana sugars moves to Board for Industrial and Financial Reconstruction for a revival package

2013-02-27 06:12:59| Sugar Industry News

NEW DELHI: MawanaSugars, one of the pioneers of branding in the commodity market, has approached the Board for Industrial and Financial Reconstruction (BIFR) for a revival plan after losses eroded more than half of the company\'s net worth. The losses were inevitable after \"illogical\" government policies made the sugar business unviable, a top company official said.

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