The UP sugar industry is in a devastating situation at this point in time with the losses for the last fiscal year crossing Rs 3,000 crore, the highest in history. However, the industry hopes government to take some measures soon on the cane pricing policy going ahead, says Tarun Sawhney.
Triveni Engineering & Industries hopes to gain Rs70-80 crore on account of removal of 10 percent sugar levy quota
After fairing well in the first quarter of their financial year, Tarun Sawhney, joint managing director, Triveni Engineering is optimistic on the company's performance in the next quarter.
Dhruv M Sawhaney, chairman and managing director, Triveni Engineering says Rangarajan report is absolutely incredible. "This report will cater to all three sections—farmers, industry and consumers. All the recommendations are very forthright in bringing this sector into the main stream," he adds.
Triveni Engineering has fixed May 4 as Record Date for Scheme of Arrangement with Triveni Turbine. Dhruv M Sawhney, Chairman and Managing Director, Triveni Engineering and Industries Limited, spoke about that process and how investors should approach it now.