Page 6 - Sugar Mills

UP sugar mills invested Rs 600 crore for pollution control in last 2 years

Ethanol production would need more investment towards 'green' steps

UP sugar mills demand abolition of molasses quota for distilleries

Private millers lament industry subsidising Rs 350 crore to liquor manufacturers

Sugar industry expects to bounce back after price rise, govt measures

Tamil Nadu mills in the red still, seek financial package and loan relief.

Govt aims to revive closed sugar mills by using land for ethanol production

Gadkari said the ethanol economy has the potential to reach Rs 1 trillion from about Rs 25,000 crore and can reduce the annual Rs 7 trillion crude imports

Conversion of sugar into ethanol could take time to show results on ground

The 2019-20 sugar season starts from next month and the peak crushing will happen in the first five-six months

UP increases molasses quota for distilleries; sugar mills disappointed

UP sugar mills have long been demanding the state government to abolish the system of reserving molasses for distilleries

UP co-op banks to lend Rs 3,221 cr to sugar mills ahead of crushing season

Estimated working capital needs of the units rises 20% this season, state govt to stand guarantor for loans

Sugar mills in Uttar Pradesh to start crushing from October-end

The sugarcane department said it had effected some amendments for the benefit of bona fide farmers and to weed out 'sugarcane mafia' and unscrupulous complicity of government and mill officials

Profit margins of sugar mills likely to rise by 5-6% in one year

4 MT of buffer stocks to help raise sugar prices by 8-9%, reduce inventory cost by 33%

UP sets August 31 deadline for mills to settle Rs 8,200 crore cane arrears

Bajaj Hindusthan, Simbhaoli among top defaulters in setting farmers' dues

UP opens Rs 500 crore revenue stream for beleaguered sugar mills

Under levy, UP sugar mills are obligated to supply 12.5 per cent of their molasses stock to distillers/country liquor manufacturers

Tamil Nadu private sugar mills plead for relief due to shortage of rain

There are 25 private mills and 18 run by co-operatives; around a dozen are not crushing this year, say industry sources

Sugar mills owe $4.38 billion to cane growers who are unpaid from a year

The unpaid dues affect growers in the key cane-producing states of Uttar Pradesh, Maharashtra, Bihar, Punjab, Haryana and Karnataka

Centre extends soft loan window by 4 weeks for beleaguered sugar mills

Banks to consider soft loan application of sugar mills that would have cleared by March 26 at least 25% of sugarcane payables as on February 28

Sweetener or Ethanol? Sugar mkt is watching what Brazil mills are planning

Last season, Center-South millers made an unprecedented 26% cut for sugar production from the prior year as they opted for more ethanol

Strict action if cane dues not settled by Feb 28, UP govt warns sugar mills

Currently, the state mills owe almost Rs 10,000 cr to farmers, which is almost half the total outstanding by mills in India, including Maharashtra

MSP hike to improve sugar mills' operating profit margins by 6%: Icra

The rating agency Icra said that this is likely to translate to an increase in operating profits by around Rs 2/kg sugar sold which is around 6 per cent increase in operating margins

Higher revenue from ethanol to cushion sugar mills' topline and bottomline

Both production and sale volume jumps, 'B' molasses volume to add to overall quantity further

Cabinet mulls Rs 6,000 crore more in soft loans to sugar mills

The total expenditure on the exchequer for the second set of interest subvention could be around Rs 1,300 crore

Government warns of action against sugar mills over slow exports

Orders to fix quarterly shipment quota and submit progressive report to the Food Ministry or face action