M Manickam

Drought to impact 2017 nos; see better March qtr: Sakthi Sugars

Sakthi Sugars reported its quarterly results for the quarter ending December 2016. Tamil Nadu based sugar manufacturing posted a disappointing quarter with its loss widening to approximately Rs 37 crore vis-à-vis Rs 20 crore vis-à-vis the same quarter last year.

Sakthi Sugar sees volumes lower, profitability higher in FY17

In an interview with CNBC-TV18, M Manickam, Executive VC of Sakthi Sugars said no impact of demonetisation as company's payments to farmers is 100 percent via cheque.

GoI has asked cos to sell excess inventory: Sakthi Sugars

M Manickam, Executive Vice Chairman of Sakthi Sugars says that this has happened likely because India plans to be a sugar importer next year, which is leading to a shortage.

Oil and silver rally to continue, sugar a worry: Experts

While global experts say oil will likely touch USD 60/barrel in 2016 and silver demand will continue to rise on account of its industrial purposes, back home in India, industry experts believe the country may have to import sugar in the time to come. Here's a wrap of the week's developments in the commodities space.

One-time gain of Rs 101 cr on back of debt restructuring: Sakthi

In an interview with CNBC-TV18, M Manickam, Executive VC, Sakthi Sugars said that the one time gain of Rs 101 crore the company had was on the restructuring its liabiliites with Arcil.

India should conserve sugar stock to deal with shortage: Sakthi

Reacting to this development M Manickam, Executive VC of Sakthi Sugar said told CNBC-TV18 that the government is worried about the rising price and wants to keep it in range of Rs 35-36 per kg.

Prices may remain firm for 2 yrs on supply lack: Sakthi Sugars

For every Re 1 increase in sugar prices, the company‘s earnings improve by nearly Rs 20 crore, he says. Currently, sugar prices are around Rs 34-35 per kilogram, which is breakeven level for sugar companies and anything above this price proves to be profitable, he adds.

Plans to trim output to balance out demand: Sakthi Sugars

India has been producing sugar in excess of the demand, says M Manickam, Executive Vice Chairman, Sakthi Sugars. So, Sakthi plans to trim production to have a better balance between demand and supply.

Co's net worth to grow Rs 160 cr post loan restructure: Sakthi

The restructuring includes loans worth Rs 61 crore to be converted into equity and remission of liability worth Rs 102 crore, says M Manickam, Executive VC of Sakthi Sugars.

Tulsian tells: Stock picks and market opinion from the expert

In an interview with CNBC-TV18, market expert SP Tulsian gave his stock picks and shared his outlook for the market going forward.

Need Rs 34/kg sugar price to be able to pay liablities: Sakhti

In an interview with CNBC-TV18, M Manickam, Executive VC of Sakthi Sugars said that the prices need to rise to a level of Rs 34 per kg or more in order for the industry to pay off liablity accumulated in the last 4-5 years.

Ehanol run vehicles would be a welcome step: Sugar industry

The Road Minister Wednesday suggesting it is possible to manufacture vehicles that could run entirely on ethanol. Reacting to the news, M Manickam, MD, Sakthi Sugars said vehicles are run on ethanol it can be extremely beneficial in terms of reducing pollution in metros.

Sugar prices to go up, losses to narrow: Sakthi Sugars

Speaking to CNBC-TV18, M Manickam, Executive VC, Sakthi Sugars said that performance of power business is also sustainable.

May not convert pending FCCBs into equity: Sakthi Sugars

The original conversion price was at Rs 275 per stock but because the market value is much lower, people will probably go for redemption says M Manickam, Executive Chairman, Sakthi Sugars.

Alcohol, power focus to show fruit post Q3: Sakthi Sugars

M Manickam, Executive Vice Chairman of Sakthi Sugars says the Rs 7 per kg fall in sugar prices led to increase in losses for the company.

India looks to barter surplus 4 MT sugar

M Manickam, MD, Sakthi Sugars, says this is good news for the industry. For the next year, the industry is looking at production of around 28 million tonne with consumption at 25 million tonne.

Glad govt is looking at sugar sector: Sakthi Sugars

M Manickam of Sakthi Sugars says mills may be in a position to clear Rs 4,000-5,000 crore, with their own resources. So, this Rs 6,000 crore will be an addition.

See power business grow to Rs 80 cr in FY16: Sakthi Sugars

The Tamil Nadu-based company reported a net profit of Rs 59 crore versus loss of Rs 14 crore compared to same quarter last fiscal.

Sugar weak, see Rs 80-90 cr inflow from power: Sakthi Sugar

M Manickam, Executive Vice Chairman of the company believes it is a long road to recovery. The quarter looked good because the company resorted to selling power commercially.

Sakthi Sugars to reduce debt by Rs 200 cr by Dec 2015

Sakthi Sugars' September quarter net loss was at Rs 36.5 crore against loss of Rs 48 crore, in a year ago period. The net sales of the company increased by 31 percent at Rs 155.8 crore versus Rs 118.9 crore.

Hope to bring down debt to Rs 400 cr: Sakthi Sugars

Sakthi Sugars' current debt is around Rs 600 crore and plans to bring it down to Rs 400 crore.

Sugar production likely to fall below 23 mn tonne: Sakthi

Sugarcane payment dues of farmers have crossed Rs 12,000 crore. Out of this, Rs 8000 crore pertains to Uttar Pradesh and Rs 3000 crore for Karnataka alone as on date.

Will have tighter domestic markets this year: Sakthi Sugars

In an interview to CNBC-TV18, M Manickam, executive vice-chairman of Sakthi Sugars spoke about the impact of currency depreciation on sugar exports.

Loss to reverse in FY14 if sugar price rises: Sakthi Sugars

Sugarcane cost has gone up around 14 percent to Rs 210 per quintal whereas sugar price has almost remained same or has risen only maringally in last three sugar seasons, M Manickam, managing director, Sakthi Sugars told Moneycontrol.com in an exclusive interview.