The government official said the cabinet, on March 7, may consider fresh ethanol blending proposal, reports CNBC-TV18 quoting NewsRise
Sugar stocks sweetened on Wednesday after a media report indicated that cabinet may consider more soft loans and interest subsidy to mills.
Sakthi Sugars, Mawana Sugars, Triveni Engineering, Dalmia Sugar, Rajshree Sugars, Bajaj Hindusthan, Andhra Sugar, Dwarikesh Sugar etc rallied 3-10 percent at the time of publishing this copy.
The government official said the cabinet, on March 7, may consider fresh ethanol blending proposal, reports CNBC-TV18 quoting NewsRise.
The cabinet may discuss extending Rs 15,000 crore soft loans and may also consider offering Rs 3,355 crore interest subsidy on loan to sugar mills.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Mar 6, 2019 12:44 pm