Page 6 - Sugar Industry
Sugar companies sweeten balance sheet
At a time when corporate financial defaults and insolvencies are making headlines, leading players in the sugar industry are repaying and prepaying debt after a long gap. With profits for many sugar makers hitting a new record last year, companies have got down to debt reduction and are sweetening balance sheets.Four sugar companies- Balrampur Chini, Triveni Engineering, Dhampur Sugar and Dwarikesh Sugar- together have repaid about Rs 1,100 crore to financial institutions since FY17. The debt reduction process does not end here and with a stable cash flow outlook companies are looking to bring down the debt further. Country's second biggest sugar company Balrampur Chini has repaid Rs 472 crore after it made a record profit of Rs 592 crore last year. "Given the cash flows we should be in a good position to bring the long-term down to bare bone when the year ends. Some of the loans had a longer repayment period but we decided to prepay it in our interest. The financial ratios will ...
 "Sugar companies sweeten balance sheet")
Most sugar refineries find quantity allocation unviable to start refineries
Also, most refineries do not see merit in importing raw sugar
 "Most sugar refineries find quantity allocation unviable to start refineries")
After bitter season, sugar mills hit sweet spot
Sugar mills battling huge loans are looking at the future with optimism as prices start to rise once again amid fears of production shortfall
 "After bitter season, sugar mills hit sweet spot")
How the sugar industry shifted blame to fat
The Associated Press reported that candy makers were funding studies that claimed that children who eat candy tend to weigh less than those who do not
