Sugar firm shares rallied as the federal government eliminated the cap on sugar diversion for ethanol manufacturing. It will scale back the closing inventory and assist maintain sweetener costs larger. Furthermore, the federal government has allowed grain-based distilleries to take part within the e-auctions by the Meals Company of India for rice procurement of as … Read more
Producing a rising proportion of its revenues from non-sugar companies, Balrampur Chini Mills has witnessed round 15 per cent rise in income contribution from the distillery phase to over 26 per cent within the final 5 monetary years. The Kolkata-based firm, India’s second largest non-public sector sugar producer, can be engaged within the enterprise of … Read more
Amid the ban on using sugarcane juice and B-heavy molasses for ethanol, Ravi Gupta, Vice Chairman of All India Sugar Commerce Affiliation (AISTA), has mentioned that there isn’t any concern about ethanol availability within the nation and the federal government ought to enable 1 million tonnes (mt) of sugar for export within the present season. … Read more