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Sugar shares extend rally; Simbhaoli, Uttam Sugar, Thiru Arooran up 20%

Rajshree Sugars, Dharani Sugar, Riga Sugar, Mawana Sugars and Kesar Enterprises were up 10% -19.

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SI Reporter Mumbai
Shares of sugar companies were trading higher for the second straight session and rallied by up to 20% on the BSE on hopes of debt restructuring.

Uttam Sugar Mills, Thiru Arooran Sugars and Simbhaloi Sugars have locked in upper circuit of 20% each on the BSE.

Rajshree Sugars, Dharani Sugar & Chemicals, Riga Sugar Company, Mawana Sugars, Kesar Enterprises, Sakthi Sugars and Kakatiya Cement Sugar & Industries were up 10%-19% as compared to 0.11% rise in the S&P BSE Sensex at 02:11 pm.

According to Business Standard reports, the Union finance ministry is considering a proposal to