UP's sugar mills to participate in raw sugar import programme

But since the refineries are situated away from the designated ports, viability may be impacted

A couple of Uttar Pradesh-based large sugar mills are planning to participate in the raw sugar import programme to extend operations of their refineries despite risk on profit margins due to high inland transportation cost from the designated ports to the refinery.

At least two large sugar factories with their refineries in Uttar Pradesh that Business Standard spoke to, are preparing to apply for import of raw sugar which they confirmed on condition of anonymity. Simbhaoli Sugars Ltd, according to its chief financial officer Sanjay Tapriya, has not yet decided whether to take part in import of raw sugar or not.