Bajaj Hindusthan

Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.

In an order dated September 14, the NCLT asked Bajaj Hindusthan to file a reply to the SBI petition in three weeks

The company owes Rs 4,771 crore to banks and has already availed two debt restructuring schemes, leading to massive haircuts taken by lenders

State-owned SBI has filed an insolvency petition against the country's largest sugar firm Bajaj Hindusthan Sugar Ltd. SBI as a financial creditor has filed the plea before the Allahabad bench of the National Company Law Tribunal (NCLT). In a regulatory filing, Bajaj Hindusthan Ltd informed that "we understand that State Bank of India, financial creditor through its advocate has initiated Corporate Insolvency Resolution Process of Bajaj Hindusthan Sugar Ltd." The petition has been filed under Section 7 of Insolvency and Bankruptcy Code 2016. In the last fiscal year, the company had posted a consolidated net loss of Rs 267.54 crore and a turnover of Rs 5,607 crore. On August 12, the company reported that for the quarter ended June of this fiscal year, its net loss stood at Rs 45 crore and total income at Rs 1,538 crore. "During the June '22 quarter, due to delayed payment of loan instalment and coupon rate interest on optionally convertible debentures the lenders have classified th

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

The company has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

A decision in this regard was taken at the Board's meeting held on Thursday

Bajaj Hindusthan's power utility dues to be diverted to farmers

Major sugar stocks are ready to claim new bullish territory

At present, Rs 7,500 crore cane dues are outstanding as many as 94 on UP private millers

Company's board considered approval of sale of 449 Mw located at 14 locations

The company had reported a net loss of Rs 538.61 crore in the same quarter of previous fiscal