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Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

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

Topics
Bajaj Hindusthan | Sugar  | sugar industry

Sanjeeb Mukherjee Krishna Kant & Dev Chatterjee  |  New Delhi/Mumbai 



Sugar production, sugar mills
Bajaj Hindusthan Sugar is now one of the most indebted top tier sugar makers with debt-to-equity ratio of 2.11x in FY22

With lenders declaring Bajaj Hindusthan Sugar, one of the biggest producers in Uttar Pradesh, a non-performing asset (NPA), the entire sector in the state — apart from the company’s future itself — has been pushed into uncertainty largely because of the sheer size of the company and the number of farmers directly associated with it for their income.

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First Published: Thu, July 14 2022. 17:03 IST

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