Stock under Rs 100: The Board of Directors of Dwarikesh Sugar Industries has approved a buyback offer of 30,00,000 fully paid-up equity shares of face value Re 1 each by the company. This buyback represents 1.59 per cent of the total paid-up equity share capital of the sugar company, it announced. Stock under Rs 100: A sugar company, whose stock is…
The government on Friday allowed sugar mills to use both cane juice and B-heavy molasses to produce ethanol but capped the diversion of sugar for the purpose at 17 lakh tonnes for the ongoing 2023-24 supply year. The latest decision comes a week after the government prohibited the use of sugarcane juice and sugar syrup for making ethanol, amid the…
Dwarikesh Sugar Industries Ltd NSE -1.52 % , incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1674.00 Crore) operating in Sugar sector. Dwarikesh Sugar Industries Ltd. key Products/Revenue Segments include Sugar, Ethanol, Power, Miscellaneous Sales, Molasses, Other Operating Revenue and Sanitizer for the year ending 31-Mar-2022. Financials For the quarter ended 30-09-2022,…
![ICRA upgrades credit rating of Company to ‘[ICRA] A+’ (pronounced ICRA A Plus) for its ₹ 599.99 crores line of credit.](https://www.dwarikesh.com/wp-content/uploads/2023/02/news1.jpg)
ICRA upgrades credit rating of Dwarikesh Sugar’s ₹ 599.99 cr Line of Credit to [ICRA]A+; Stable outlook on the long-term rating. Dwarikesh Sugar Industries Ltd (DSIL), a leading sugar producer in the country, has got upgraded credit rating from rating agency ICRA for its ₹ 599.99 crore Line of Credit. The Rating Committee of ICRA, after due consideration has upgraded…
India’s sugar production is estimated to rise 24 per cent to 25.1 million tonnes in the next marketing year starting October on higher sugarcane area, according to industry body ISMA. Sugar production of India, the world’s second largest producer after Brazil, is estimated at 20.2 million tonnes in the ongoing 2016-17 marketing year (October-September) The production is expected to rise…
The government allowed import of 3 lakh tonnes of raw sugar at concessional duty of 25% to augment domestic supplies ahead of the festive season. The government has decided to loosen its decades-old control over the sugar sector, offering a lifeline to the ₹ 80,000-crore industry. The government on Thursday allowed import of 3 lakh tonnes of raw sugar at…
![ICRA has accorded rating of ‘[ICRA] A1+’ (pronounced ICRA A One Plus) for Commercial Paper for the amount of ₹ 100 Crores.](https://www.dwarikesh.com/wp-content/uploads/2023/03/news1.jpg)
