The four-day, Kotak Institutional Equities-Chasing Growth Conference is underway in Mumbai. In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI), from the sidelines of the conference, spoke about the latest happenings in SBI and also shared his views on the fraud at Punjab National Bank (PNB).
In an interview to CNBC-TV18, Sanjay Tapriya, CFO of Simbhaoli Sugars and Abinash Verma, Director General of Indian Sugar Mills' Association (ISMA) spoke at length about the import duty hike on sugar.
Simbhaoli Sugars has received Rs 55.15 crore as compensation in an arbitration case. In an interview to CNBC-TV18, Sanjay Tapriya, CFO, Simbhaoli Sugar talks about the details of the case.
GSC Rao, CEO, Simbhaoli Sugar tells CNBC-TV18 that they are sitting on surplus sugar production for now and are exporting the commodity as well.
Sanjay Tapriya, chief financial officer of Simbhaoli Sugar, in an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, said that the market is not affected by this year’s balance sheet of the sugar.
Sanjay Tapriya, CFO, Simbhaoli Sugar Mills, in an interview with CNBC-TV18 talked about how the restructuring exercise the company is planning to for its power business is likely to benefit its sugar business.
Despite the hike in the international sugar prices, in an exclusive interview with CNBC-TV18, Sanjay Tapriya, CEO of Simbhaoli Sugars says “further movement in the market will be seen if the government does some more industrialization or allow more exports.”
Uttar Pradesh-based Simbhaoli Sugars' board has approved a business restructuring plan under which it will spin off its alcohol and power businesses to subsidiary companies.
In an interview with CNBC-TV18, Sanjay Tapriya, CFO of Simbhaoli Sugars Mills said he is confident that the company would do well ahead. "We are anticipating that this least gap situation, between the cost of production and the selling price, will reduce significantly." He expects to see a turnaround in coming quarters.