The company had reported a net loss of Rs 186.97 crore during the December quarter of 2018-19, the company said in a filing to the BSE.
Total income, however, rose to Rs 1,157.07 crore in the third quarter of this fiscal from Rs 767.45 crore in the corresponding period of the previous year.
Dhampur Sugar Mills went up 3.98 per cent, Triveni Engineering and Industries 3 per cent, Balrampur Chini Mills 3 per cent and EID Parry India 2 per cent. The food ministry had proposed an increase in import duty on the ground that fall in local prices will affect millers' capacity to pay cane dues to growers.
Debt-ridden Bajaj Hindusthan Sugar has shelved the plan to sell power business to group firm Lalitpur Power Generation Company for about Rs 1,200 crore, even as its lenders have initiated resolution process under S4A to restructure loans.
The company at its meeting held on January 02, has considered the sale of co-generation business comprising of power generation facility aggregating to 449 MW.