Sugar Firms

Over 6.23 million equity shares representing 20.92 per cent stake of Zuari Industries have changed hands on NSE and BSE

The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house

Experts say the standards for food and beverages vary across the world and India should have its own

India may allow sugar exports after assessing the final sugarcane sowing and output in the 2024-25 season, as the world's biggest producer after Brazil is expecting a lower sugar output of 30 million tonnes next season, sources said. For the current 2023-24 season ending September, sugar production has reached 31.5 million tonnes so far, with the final output likely to touch 31.8 million tonnes as mills in Tamil Nadu and Karnataka wrap up crushing, the sources added. Last year, India produced 32.8 million tonnes of sugar. Sugar production in the 2024-25 season is estimated to be lower at 30 million tonnes due to lower sowing in Karnataka, as per trade estimate, the sources added. "The industry has demanded exports of 1 million tonnes of sugar. Since we are expecting lower sugar output next year and stocks are required for ethanol production, the priority of the government is to ensure available stock for domestic consumption as well as for ethanol," one of the sources said. "Expor

The company reported a loss after tax of Rs 13.59 crore ($1.64 million) in the quarter ended Dec. 31, compared to a profit after tax of Rs15.78 crore a year ago

The distillery in its petition to the Karnataka High Court said that as it produces only ethanol and not sugar from cane

ISMA says move may delay cane price payment to farmers

India is not looking at allowing more sugar exports, government and industry officials said on Thursday

UP govt is trying to integrate the sugarcane crop with lucrative ethanol value chain in order to provide fair prices to the farmers and protect the sector from the cyclical nature of the sugar market

The 20% ethanol blending target has seen sugar sector majors betting on expanding the ethanol capacity; the sector could see an investment of about Rs 10,000 crore in the years ahead

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

Total income increased to Rs 1,291.37 crore in the fourth quarter of the last fiscal. It stood at Rs 1,027.24 crore in the corresponding period of the previous year

The Centre has issued guidelines for restructuring of loans taken by mills from the Sugar Development Fund (SDF), providing a moratorium for two years and then repayment in five years to eligible defaulting factories. The total outstanding default from the SDF is nearly Rs 3,100 crore, including principal and interest, according to an official statement issued on Wednesday. On January 3, the Department of Food and Public Distribution issued guildelines "for restructuring of SDF Loans under Rule 26 of the SDF Rules 1983". The guidelines for restructuring has been issued to "facilitate rehabilitation of financially weak but economically viable sugar mills which have availed loans under the Sugar Development Fund Act, 1982". The department said guidelines have provision for a "two-year moratorium and then five years of repayment". This is expected to provide big relief to financially weak sugar mills which have availed SDF loans, the department said. "The outstanding amount of defau

Recovery certificates to the groups, strict action against them on the cards

The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday

Standalone revenue flat at Rs 439 cr, consolidated up 15%

Cultivators from Sanguem and Quepem talukas take their sugarcane for crushing in this factory, which stopped functioning two years ago in view of losses that have mounted to Rs 100 crore

He also said there is a greater need for developing flexi sugar factories producing sugar and ethanol as per relative economics and market demand