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Shares of sugar companies were in focus with Shree Renuka Sugars, Bajaj Hindustan, Ugar Sugar Works, Simbhaoli Sugars and Sakthi Sugar rallying more than 10% in an otherwise range-bound market.
According to Business Standard report the central government is considering steps to protect the industry and farmers’ realizations as sugar production in India is estimated to go up 25-30% in the sugar year 2017-18.
“These include a rise in the import duty from the present 40%, a higher ethanol price for supplying to oil marketing companies (OMCs) and reviewing the goods and services tax (GST) rates for ethanol
According to Business Standard report the central government is considering steps to protect the industry and farmers’ realizations as sugar production in India is estimated to go up 25-30% in the sugar year 2017-18.
“These include a rise in the import duty from the present 40%, a higher ethanol price for supplying to oil marketing companies (OMCs) and reviewing the goods and services tax (GST) rates for ethanol
