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Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity.
CareEdge upgraded The Ugar Sugar Works Limited's long-term bank facilities worth ₹700 Cr to CARE BBB-; Stable from CARE BB+; Negative. This upgrade reflects significant improvement in profitability, sales volume growth, and better co-generation power segment performance, mitigating debt concerns. CareEdge also withdrew the fixed deposit rating.