Page 9 - Sugar Mills

Conversion of sugar into ethanol could take time to show results on ground

The 2019-20 sugar season starts from next month and the peak crushing will happen in the first five-six months

UP increases molasses quota for distilleries; sugar mills disappointed

UP sugar mills have long been demanding the state government to abolish the system of reserving molasses for distilleries

UP co-op banks to lend Rs 3,221 cr to sugar mills ahead of crushing season

Estimated working capital needs of the units rises 20% this season, state govt to stand guarantor for loans

Sugar mills in Uttar Pradesh to start crushing from October-end

The sugarcane department said it had effected some amendments for the benefit of bona fide farmers and to weed out 'sugarcane mafia' and unscrupulous complicity of government and mill officials

Profit margins of sugar mills likely to rise by 5-6% in one year

4 MT of buffer stocks to help raise sugar prices by 8-9%, reduce inventory cost by 33%

UP sets August 31 deadline for mills to settle Rs 8,200 crore cane arrears

Bajaj Hindusthan, Simbhaoli among top defaulters in setting farmers' dues

UP opens Rs 500 crore revenue stream for beleaguered sugar mills

Under levy, UP sugar mills are obligated to supply 12.5 per cent of their molasses stock to distillers/country liquor manufacturers

Tamil Nadu private sugar mills plead for relief due to shortage of rain

There are 25 private mills and 18 run by co-operatives; around a dozen are not crushing this year, say industry sources

Sugar mills owe $4.38 billion to cane growers who are unpaid from a year

The unpaid dues affect growers in the key cane-producing states of Uttar Pradesh, Maharashtra, Bihar, Punjab, Haryana and Karnataka

Centre extends soft loan window by 4 weeks for beleaguered sugar mills

Banks to consider soft loan application of sugar mills that would have cleared by March 26 at least 25% of sugarcane payables as on February 28

Sweetener or Ethanol? Sugar mkt is watching what Brazil mills are planning

Last season, Center-South millers made an unprecedented 26% cut for sugar production from the prior year as they opted for more ethanol

Strict action if cane dues not settled by Feb 28, UP govt warns sugar mills

Currently, the state mills owe almost Rs 10,000 cr to farmers, which is almost half the total outstanding by mills in India, including Maharashtra

MSP hike to improve sugar mills' operating profit margins by 6%: Icra

The rating agency Icra said that this is likely to translate to an increase in operating profits by around Rs 2/kg sugar sold which is around 6 per cent increase in operating margins

Higher revenue from ethanol to cushion sugar mills' topline and bottomline

Both production and sale volume jumps, 'B' molasses volume to add to overall quantity further

Cabinet mulls Rs 6,000 crore more in soft loans to sugar mills

The total expenditure on the exchequer for the second set of interest subvention could be around Rs 1,300 crore

Government warns of action against sugar mills over slow exports

Orders to fix quarterly shipment quota and submit progressive report to the Food Ministry or face action

Tamil Nadu sugar mills seek support from centre, state to boost output

The Sugar Mills in Tamil Nadu has sought help from the central and state governments to improve its performance in the next sugar season starting October, 2018. The industry, which thanked the central government for favourable decisions on subsidy and others, has sought the State Government to allow them produce power from the co-gen facilities which will help them to improve performance.The industry in Tamil Nadu has reported the lowest recovery in last five years, during the season ending September, this year, owing to the lack of proper rainfall.According to the South Indian Sugar Mills Association, Tamil Nadu (SISMA TN), the capacity utilisation for the season ending September, 2018 has come down to 27 per cent from the pervious year's 39 per cent. The quantity of cane crushed was around 8.2 million metric tonne compared to 11.9 million metric tonne during the previous season. The sugar production has come down to 7,08,000 metric tonne compared to over one million metric tonne ...

Tamil Nadu sugar mills seek support from Centre, state govt for new season

The Sugar Mills in Tamil Nadu has sought help from the central and state governments to improve its performance in the next sugar season starting October, 2018. The industry, which thanked the central government for favourable decisions on subsidy and others, has sought the State Government to allow them produce power from the co-gen facilities which will help them to improve performance.The industry in Tamil Nadu has reported the lowest recovery in last five years, during the season ending September, this year, owing to the lack of proper rainfall.According to the South Indian Sugar Mills Association, Tamil Nadu (SISMA TN), the capacity utilisation for the season ending September, 2018 has come down to 27 per cent from the pervious year's 39 per cent. The quantity of cane crushed was around 8.2 million metric tonne compared to 11.9 million metric tonne during the previous season. The sugar production has come down to 7,08,000 metric tonne compared to over one million metric tonne ...

Cabinet clears another Rs 55-bn bailout package for sugar mills

Package includes direct assistance of Rs 41.63 bn to farmers linked to 5 mn tonnes export

Yogi government to invest Rs 1.56 billion to revive six distilleries

These distilleries owned by the UP cooperative sugar mills federation had been temporarily shut following the CPCB order over non-compliance of environmental norms