The Andhra Sugars Limited has informed the Exchange about Closure of operations
ANDHRSUGAR · price
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Awaiting price reaction for this filing.
The Andhra Sugars Limited has announced the permanent closure of its 2.025 MW Wind Mills unit located at Ramagiri, Sri Satya Sai District, Andhra Pradesh, effective October 1, 2025. The decision was approved by the Board on November 5, 2025, citing that the unit is over 30 years old and its operations are no longer financially viable. The unit contributed a profit before tax of Rs. 30.53 lakhs in FY24-25, which is just 0.73% of the company's total profit. No sale agreement has been entered into for the unit as of now.
The financial impact on shareholders is negligible, as the closing unit contributes less than 1% of total company profits. Shutting down an aged, unviable asset is a routine housekeeping decision and is unlikely to move the stock price.