Sakthi Sugars crushed around 5 lakh tonne of cane in FY18 and expects to crush around 10 lakh tonne in FY19, said M Manickam, executive vice-chairman of the company.

Talking about stake sale in a subsidiary company, he said, “Sakthi Sugars has about 22% stake in Sakthi Auto. We are proposing to sell this holding to earn about Rs 200 crore which we then plan to use to bring down debt.”

On sugar pricing policy, he said that the company expects government to adhere to the Rangarajan’s sugar pricing formula.