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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.

SI Reporter  |  Mumbai 

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

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan, EID Parry (India), Oudh Mills and Dhampur 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 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

First Published: Fri, October 12 2012. 12:04 IST
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