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Avadh Sugar & Energy Ltd is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power. It was incorporated in March 2015 with the purpose of transferring sugar units in Uttar Pradesh of Oudh Sugar Mills Limited (Oudh) and Upper Ganges Sugar & Industries Limited (Upper Ganges) to a separate entity.
India Ratings and Research (Ind-Ra) has reaffirmed Avadh Sugar & Energy Limited's (ASEL) bank loan facilities. The long-term rating is IND A+ with a 'Stable' outlook, and the short-term rating is IND A1. The total rated facilities now stand at INR 1,817.89 Cr, a reduction from the previous INR 1,837.27...