Shares of sugar manufacturer are trading higher on the bourses ahead of group of ministers (GoM) meeting today to discuss a bailout package for cash-starved sugar mills and to ensure timely payments to cane growers.
Oudh Sugar Mills, Bajaj Hindustan, Shree Renuka Sugars, Balrampur Chini Mills, Mawana Sugar, Jeypore Sugar, Dhampur Sugar Mills and Dwarikesh Sugar are up 2-5% on the Bombay Stock Exchange.
An informal group of ministers, headed by Agriculture Minister Sharad Pawar, is scheduled to hold the second round of meeting on Friday to discuss a bailout package for cash-starved sugar mills and to ensure timely payments to cane growers, the Business Standard report suggests.
The said committee was set up by Prime Minister Manmohan Singh last month to look into the issues concerning the sugar industry including the interest-free loans, added report.
Oudh Sugar Mills, Bajaj Hindustan, Shree Renuka Sugars, Balrampur Chini Mills, Mawana Sugar, Jeypore Sugar, Dhampur Sugar Mills and Dwarikesh Sugar are up 2-5% on the Bombay Stock Exchange.
An informal group of ministers, headed by Agriculture Minister Sharad Pawar, is scheduled to hold the second round of meeting on Friday to discuss a bailout package for cash-starved sugar mills and to ensure timely payments to cane growers, the Business Standard report suggests.
The said committee was set up by Prime Minister Manmohan Singh last month to look into the issues concerning the sugar industry including the interest-free loans, added report.
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