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Sangli: District Bank moves to sell 'Manganga', 'Mahankali' sugar factories - ChiniMandi

Summary by ChiniMandi
Sangli: The District Central Cooperative Bank has initiated the sale of the Mahankali Sugar Factory in Kavathe Mahankal and the Manganga Sugar Factory in Atpadi to recover outstanding loans. Including these two sugar factories, a total of six institutions owe the bank about Rs 357 crore. The District Bank discussed and found a solution to restart the Mahankali factory. However, it has not been successful yet. The Manganga factory was started las…
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