Jul 18, 2014 at 18:42 | Source: Moneycontrol.com
The real turnaround of the Indian Sugar industry will depend much on the full implementation of the Rangarajan Committee's recommendation especially implementation of sugarcane price-sugar price linkage formula, says CARE Ratings.
Jul 10, 2014 at 08:36 | Source: CNBC-TV18
The Ahmednagar district once boasted of 19 prosperous sugar mills. Over the last three years, 14 have been shut down. That's because after buying the cane from farmers at Rs 1800 per tonne the factories have to pay an additional Rs 1200 for transport and production cost.
May 04, 2013 at 15:42 | Source: Moneycontrol.com
After much deliberation, the government has finally announced a partial decontrol of the sugar sector, which is hoped to make the business more viable and attract large scale investments too, says Nirmal Bang research report.
Apr 12, 2013 at 11:44 | Source: CNBC-TV18
In an interview to CNBC-Tv18. Vivek Saraogi, MD of Balrampur Chini said that even at this price oil companies will make money and since the price is higher than what companies were getting last year, it is a win-win situation for both parties.
Apr 06, 2013 at 16:12 | Source: CNBC-TV18
After sugar decontrol, the kind of poor return on equities (ROEs) that many sugar companies are generating because of the levy sugar quota will not be there, says Phani Sekhar, fund manager, Angel Broking.
Apr 05, 2013 at 19:20 | Source: CNBC-TV18
The next big trigger for the stock market will be the fourth quarter results, says PN Vijay, portfolio manager. Talking to CNBC-TV18, he says that though the market is somewhere around its lows, he is confident that the Indian stock market would stick to the 15 percent growth figure in the next 12 months.
Apr 05, 2013 at 18:00 | Source: Moneycontrol.com
Anyone who labels a decision to double the subsidy bill as reform ought to have his head examined. However, the cabinet decision to free sugar pricing has been dubbed a reform by an ecstatic pink press even though the resultant subsidy burden rises from Rs 2,600 crore to Rs 5,300 crore.
Apr 05, 2013 at 14:39 | Source: Moneycontrol.com
Triveni Engineering & Industries hopes to gain Rs70-80 crore on account of removal of 10 percent sugar levy quota
Apr 05, 2013 at 11:39 | Source: Moneycontrol.com
Investors are chasing sugar stocks following the Cabinet decision on Thursday to decontrol sugar prices. The government has abolished the 10 percent levy quota for two years and removed monthly release mechanism under which the government decided what volume each mill could sell every month.
Apr 05, 2013 at 10:24 | Source: CNBC-TV18
Governments move to remove sugar levy burden will help Shree Renuka Sugar to get Rs 100-150 crore of additional margin in 2013-14.