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-Ã -vis Rs 20 crore vis-Ã -vis the same quarter last year.
India's sugar production is likely to fall by 4 percent to about 24 million tonnes in the next marketing year starting October due to lower cane output, but there will not be any need to import as the country has sufficient stock, according to industry body ISMA.