Despite measures taken by government recovery taking time for sugar mills

Financial Express – 17 February 2018: Despite government restricting the release of sugar in the market by the sugar mills and imposing import duty, sugar industry is still not out of the tough times, Business Standard reported. The measures implemented…

Uttam Sugar Mills standalone net profit declines 57.83% in the December 2017 quarter

Business Standard– 16 February 2018: Sales rise 28.48% to Rs 292.78 crore Net profit of Uttam Sugar Mills declined 57.83% to Rs 12.58 crore in the quarter ended December 2017 as against Rs 29.83 crore during the previous quarter ended…

44 farmers removed for trespassing private sugar mill

The Hindu – 16 February 2018:In a scuffle between farmers and officers of a private sugar mill in Alathukombai in Sathyamangalam, a farmer suffered injuries after the farmers entered the mill premises demanding settlement of their arrears and also return…

Sugar mills, farmers stress to continue despite increase in prices

Business Standard – 15 February 2018: The worst is not over for the Indian sugar industry and farmers despite the government’s measures such as imposing import duty and limiting the release of the sweetener in the market by mills. The…

KM Sugar Mills standalone net profit declines 64.90% in the December 2017 quarter

Business Standard – 12 February 2018: Sales rise 51.59% to Rs 102.78 crore Net profit of KM Sugar Mills declined 64.90% to Rs 6.03 crore in the quarter ended December 2017 as against Rs 17.18 crore during the previous quarter…

Import duty hike: Sindh government’s subsidy offer prompts India’s sugar move

Financial Express – 14 February 2018: A recent announcement by the Sindh government to offer a subsidy for sugar exports — on top of another dole-out by the federal government of Pakistan — to cut a massive inventory, was the…

Bajaj Hindusthan Sugar Q3 net loss expands to Rs 148.77 cr

India Today – 14 February 2018: Bajaj Hindusthan Sugar Ltd today reported a net loss of Rs 148.77 crore for the quarter ended December despite higher sales. The company posted a net loss of Rs 36.63 crore in the year-ago…

Muzaffarnagar: Eight sugar mills clears Rs 1,206 crore sugarcane payments

Free Press Journal – 12 February 2018, Muzaffarnagar: Eight sugar mills in the district have cleared sugarcane payments of Rs 1,206.91 crore out of total dues of Rs 1,645.97 crore to farmers in the current season, an official said. The…

Sugar mills, farmers stress to continue despite increase in prices

Business Standard – 14 February 2018: Woes of Indian Sugar Industry and farmers don’t seem to have an end despite government measures like imposing import duty and limiting the release of sugar in the market by mills. The measures did…

Co-op sugar mills to also produce liquor and power

Times of India – 12 February 2018: CHANDIGARH: The Punjab government is going to convert the existing cooperative sugar mills to sugar complexes with an aim to turn the state’s sugar industry into a profitable venture. Besides sugar, ethanol, electricity,…