Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

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

With lenders declaring Bajaj Hindusthan Sugar, one of the biggest sugar producers in Uttar Pradesh, a non-performing asset (NPA), the entire sugar sector in the state — apart from the company’s future itself — has been pushed into uncertainty largely because of the sheer size of the company and the number of farmers directly associated with it for their income.

Bajaj Hindusthan has an over 12 per cent share in the total sugar produced in Uttar Pradesh in the 2021-22 season that will end in September and an over 13 per cent share in the number of farmers