Vivek Saraogi

Full year production likely to be at 24 mt: Balrampur Chini

Balrampur Chini sold 26.7 lakh bags of sugar in the third quarter and their opening inventory stands at 15 lakh bags of sugar.

Balrampur Chini posts sweet results despite co-gen worries

Vivek Saraogi, MD, Balrampur Chini explains to CNBC-TV18 that above-average volumes and high price-realisation enabled the company to post positive results. However, its co-generation unit posted a loss due to non-generation of electricity during the monsoon quarter.

Sugar Decontrol: Pricing may take 2-3 yrs to execute, says Balrampur Chini

Vivek Saraogi, MD of Balrampur Chini told CNBC-TV18 that he finds the recommendations for sugar decontrol exciting. According to him, the recommendations associated with the finished product which is sugar might be implemented soon, while those associated with cane pricing and raw materials will take a little more time.

New cane pricing formula tough to execute: Balrampur Chini

An expert committee headed by Prime Minister‘s economic advisory panel chairman, Dr C. Rangarajan, has recommended introduction of new cane pricing formula based on fair and remunerative price (FRP). Vivek Saraogi, managing director, Balrampur Chini told CNBC-TV18 that it would be difficult for companies to implement it.

Sugar biz to be profitable from Q2: Balrampur Chini

Vivek Saraogi, managing director of Balrampur Chini told CNBC-TV18 from August onwards the company could realize an average of Rs 34-35 per kg. Its inventory as of July stands at 46.6 lakh bags including levy.

Weak rains but sugar prod to be balanced: Balrampur Chini

In an interview with CNBC-TV18, Vivek Saraogi, MD of Balrampur Chini sounded hopeful on the policy front, about rational cane pricing and other issues related to sugarcane production in UP.

Raw sugar price to stabilise at 18-20 cents/lb: Balrampur

Vivek Saraogi, managing director, Balrampur Chini told CNBC-TV18 that a slight firming up of domestic sugar prices has been seen. "I don‘t expect it to go up on a runaway level but it is a little better."

Sugar division losing Rs 2/kg at current prices: Balrampur

Vivek Saraogi, managing director, Balrampur Chini says, at the current realisation, the sugar division costing is not yet positive. “Sugar division is making loss of Rs 2 per kilogram at the current prices.”

Expect P&L hit of Rs 90cr post SC ruling: Balrampur Chini

Shares of Uttar Pradesh-based sugar companies took a beating after the Supreme Court directed private sugar mill owners to pay farmers in accordance with the special advisory price fixed by the state government.

Don't expect rally in domestic sugar prices: Balrampur

Shares of sugar companies shot up by 14% in the stock market on Monday, amid buzz of a partial decontrol of this sector, an old demand of the industry. However, Vivek Saraogi, managing director of Balrampur Chini Mills does not expect to see a rally in domestic sugar prices.

Will move Lucknow HC in few days on SAP prices: Balrampur

Balrampur Chini's MD, Vivek Saraogi indicated that they are planning to move the Lucknow High Court in a couple of days on the SAP cane prices. However, he pointed out that the second half realisations would be much better for this year.

India's sugar output at 26.5 mt for SY12: Balrampur Chini

Indian sugar industry is hoping for a partial decontrol since a long period of time. Vivek Saraogi, managing director of Balrampur Chini Mills, in an interview to CNBC-TV18, gave his views on how the sugar sector will perform going forward.

Balrampur Chini sees Q1 domestic realisation above Rs 28/kg

Vivek Saraogi, managing director of Balrampur Chini said that sugar selling was difficult especially in the month of May; however, he expects the first quarter realisation to be Rs 28 per kg.

Expect a hike in sugar prices post monsoon: Balrampur Chini

Speaking to CNBC-TV18, Vivek Saraogi, managing director of Balrampur Chini said that the government's decision to allow additional sugar exports will benefit the industry.

Look to retire Rs 350cr debt this fiscal: Balrampur Chini

Vivek Saraogi, MD, Balrampur Chini in an interview with CNBC-TV18 spoke about the latest happenings in the company and the road ahead.

Q2 to show by-products' profitability: Balrampur Chini

Vivek Saraogi, MD, Balrampur Chini Mills spoke to CNBC-TV18 about his company's performance and the sugar industry in general.