Business Standard

Sugar shares rally on release of decontrol report

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan and EID Parry (India) are up by 1-6% on the BSE.

Related News

Shares of companies are trading higher by up to 6% after the Rangarajan Committee release the report on sugar decontrol.

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan, EID Parry (India), Oudh Sugar Mills and Dhampur Sugar Mills are trading higher by 1-6% on the Bombay Stock Exchange.

The committee recommends farmers should be paid Fair and Remunerative price (FRP) as minimum cane price. The report says that the government should buy sugar from market for sale to poor and scrap minimum distance rule for mills in long-term.

The committee also recommends abolishing control of 5-10% duty on exports and imports and scrap of state controls on sale of sugar.

Read more on:   
|
|

Sugar shares rally on release of decontrol report

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan and EID Parry (India) are up by 1-6% on the BSE.

Shares of sugar companies are trading higher by up to 6% after the Rangarajan Committee release the report on sugar decontrol.

Shares of companies are trading higher by up to 6% after the Rangarajan Committee release the report on sugar decontrol.

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan, EID Parry (India), Oudh Sugar Mills and Dhampur Sugar Mills are trading higher by 1-6% on the Bombay Stock Exchange.

The committee recommends farmers should be paid Fair and Remunerative price (FRP) as minimum cane price. The report says that the government should buy sugar from market for sale to poor and scrap minimum distance rule for mills in long-term.

The committee also recommends abolishing control of 5-10% duty on exports and imports and scrap of state controls on sale of sugar.

image

Read More

Mallya cashes in on UB Holding share rally

Even in bad times, Vijay Mallya has managed to make a neat cash pile for himself by selling a part of his in United Breweries Holding Ltd (UBHL), ...

Recommended for you

Advertisements

Quick Links

Market News

Brent crude steadies above $65

Brent crude reversed early losses to steady above $65 on Monday as signs that US shale output may have started to decline offset the effects of ...

Today's picks- 27 April 2015

Nifty, Bank Nifty, Cairn & Bharti Airtel

Pulses, oilseeds trade gets relief from stock limits in Maharashtra

However, prices are likely to rise, given the possibility of stock building by large traders

CME, ICE plan exchanges at GIFT City IFSC

Looking to partner exchanges that have shown interest

BSE moves 122 cos on Vadodara SE to dissemination board

Among the vanishing companies are Addi Commercial Enterprises, Anand Dairy, Baroda Dying, Gujarat Apparels, Zen Shaving and Rainbow Housing ...

 

Back to Top