Shares of ten sugar firms rose by 0.76% to 5.71% at 12:15 IST on BSE on reports the cabinet will consider interest-free loan to sugar mills today, 19 December 2013.
Rana Sugars (up 5.71%), Eastern Sugar & Industries (up 4.18%), Simbhaoli Sugar Mills (up 3.45%), DCM Shriram Industries (up 2.80%), Triveni Engineering & Industries (up 2.66%), Bajaj Hindusthan (up 2.10%), Dhampur Sugar Mills (up 1.90%), Balrampur Chini Mills (up 1.65%), Sakthi Sugars (up 1.65%) and Shree Renuka Sugars (up 0.76%), edged higher.
The S&P BSE Sensex was down 137.73 points, or 0.66% at 20,722.13.
Agriculture minister Sharad Pawar was quoted by media as saying on Wednesday, 18 December 2013, that the cabinet will consider interest-free loan to sugar mills on Thursday to help mills pay government-set rates to cane growers at a time when sugar prices have fallen.
According to recent reports, the government was considering providing interest-free loans of Rs 7200 crore to the cash-starved sugar industry.
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