India's KPR Mills surges to record high on debt repayment hopes

Written by Reuters | Updated: Jun 20 2014, 21:22pm hrs
Shares in India's KPR Mill Ltd jumped more than 6 percent to a record high of 249.10 rupees on hopes of power cost savings and debt repayment in their sugar business, multiple dealers say. * KPR Sugar Mill Ltd, a subsidiary of the company that owns a power plant and a sugar factory, had started commercial production from November 2012, the company's website shows.

Also, the apparel company on Monday said it revived operations at one of its units in southern Tamil Nadu state and was running at its full capacity since last week.