Triveni Engineering and Industries Ltd News
Triveni Engg Q2 results: Net loss of Rs 22.4 cr, revenue at Rs 1,748.3 cr
Integrated sugar and ethanol manufacturer Triveni Engineering and Industries on Tuesday reported a consolidated loss of Rs 22.4 crore during the September quarter, due to subdued profitability in sugar and alcohol business. The company had posted a profit after tax (PAT) of Rs 29.1 crore in the year-ago period, Triveni Engineering and Industries said in a statement. Revenue from operations of the company grew 8.1 per cent during the second quarter of the current fiscal year to Rs 1,748.3 crore compared to Rs 1,617.4 crore a year earlier. Triveni Engineering and Industries Chairman and Managing Director Dhruv M Sawhney said, "Overall profitability of the company during the half year ended September 30, 2024 was subdued, impacted by lower margins in the alcohol business and losses of new subsidiary SSEL, which was recently acquired. "For the sugar season, the profitability in the first half of the financial year remains muted due to spending of fixed expenses during the off-season ..
 "Triveni Engg Q2 results: Net loss of Rs 22.4 cr, revenue at Rs 1,748.3 cr")
Triveni Engg launches premium whisky brands; stock price inches up 4%
The uptick in the stock price follows the news that the company has launched premium and super premium whisky brands in Uttar Pradesh, to enter the Indian-made foreign liquor (IMFL) market
 "Triveni Engg launches premium whisky brands; stock price inches up 4%")
Dwarikesh Sugar, Shree Renuka: Why sugar stocks are buzzing in trade today
Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.
 "Dwarikesh Sugar, Shree Renuka: Why sugar stocks are buzzing in trade today")
Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol prod
sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies
 "Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol prod")
Ethanol price hike buzz triggers rally in sugar stocks; soar up to 9%
Sugar stocks, Ethanol price hike news: The price revision is being considered on priority to incentivise production and meet our blending goals, reports said
 "Ethanol price hike buzz triggers rally in sugar stocks; soar up to 9%")
