Vivek Saraogi

See no positive impact from just scrapping export duty: Balrampur Chini

The Indian sugar mills have requested Centre for exports backed by loss-mitigation and requested State government to participate in cane pricing, said to Vivek Saraogi, MD Balrampur Chini.

Find deeper value in buyback than dividend, says Balrampur Chini

Balrampur Chini Mills posted Q2 earnings in line with other sugar companies but the big takeaway is that the board has approved a tender buyback of shares.

Sugar price stable; will sell at Rs 35.50/kg: Balrampur Chini

The government's decision will affect companies who have held stock in godown, says Vivek Saraogi, MD of Balrampur Chini Mills.

A national sugar policy need of the hour: experts

A panel of experts from the sugar industry agree that the farmer is king, and the government should come out with a policy that is favourable to everyone.

Balrampur's credit rating upgraded; co hopeful of paring debt

For the FY16 crushing season, the company's sugar production will be over 78 lakh bags, said Vivek Saraogi, MD of Balrampur Chini.

States must not intervene, sugar be sold at FRP: Balrampur

Balrampur Chini Mills‘ third quarter net loss stood at Rs 65.7 crore against loss of Rs 50.8 crore, Y-o-Y. The company‘s total income rose by 21 percent at Rs 841.7 crore versus Rs 690.7 crore.

UP sugar crisis: Mills send closure notice to govt

The special advisory price that sugar mills pay to farmers has increased from Rs 165, just three years back to Rs 280, a 70 percent increase. On the other hand, sugar prices have been hiked by just 7-8 percent over the last three years.

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.