Mysore/Mysuru: Years after Srirama Sugar Factory at Chunchanakatte in K.R. Nagar taluk of the district shut down due to recurring losses and mounting debts, the Government has decided to lease out the factory to Nirani Sugars of Mudhol-based MRN Group of Industries, owned by Karnataka Industries Minister Murugesh Nirani.
Nirani Sugars, which is based at Mudhol in Bagalkot district, is running a chain of sugar industries and two-years ago , the company took over the decades old Pandavapura Sahakara Sakkare Kharkhane (Pandavapura Sugar Factory) at Pandavapura in Mandya district on a 40-year lease.
