India: Duncan-Goenka group plans to sell tea estates to improve liquidity

India: Duncan-Goenka group plans to sell tea estates to improve liquidity

The expectation for well-maintained gardens in Dooars region is Rs250-300 per kg of production capacity: Rs25 crore if Demdima were to be sold at that price. Photo: Pramugdha/Dealstreetasia

Battling an escalating financial crisis, the Duncan-Goenka group of industrialist Gouri Prasad Goenka is looking to sell its 1,200-hectare (ha) Demdima tea garden in West Bengal’s Alipurduar district.

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