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…
The Centre has made a presumption that UP will make approximately 8 lakh tonne in October and thus help keep the supplies coming during the festival season. Uttar Pradesh, which is looking at a bumper sugar production of over 10 million tonne in 2017-18, is gearing up to start sugarcane crushing early this year, starting October. (Reuters) Uttar Pradesh, which…
The year is expected to be productive for the sugar industry as there has been 9.44 per cent increase in the area under cane cultivation in 2017 kharif. Dwarikesh Sugar Industries expects a 15 per cent increase in production leading to higher revenues during the forthcoming crushing season, a senior company official has said. “Available indications show that we will…
Apprehending hike in cane prices this season, private sugar mills have petitioned the state government urging it not to increase State Advisory Price (SAP) as ‘it would be detrimental for the industry and cane sector’. In a letter despatched to Principal Secretary, Sugar and Cane Development, Uttar Pradesh Sugar Mills Association (UPSMA) secretary general Deepak Guptara said that the present…
Uttar Pradesh Government has increased the State Advised Price (SAP) of sugarcane by ₹ 10/quintal over previous year from ₹ 305/quintal to ₹ 315/quintal. Industry has welcomed it, calling it a moderate hike. The Uttar Pradesh Government has increased the State Advised Price (SAP) for sugarcane by ₹ 10 per quintal for the ongoing crushing season. SAP has been fixed…
The current price of ethanol procurement is ₹ 39 per litre, which was fixed last year. The CCEA also decided that the “GST (Goods and Services Tax) and transportation charges will also be payable additionally,” it added. “The approval will facilitate the continued policy of the government in providing price stability and remunerative prices for ethanol suppliers,” the ministry said….
It could have been any of these three – Goldstone Infratech BSE -4.99 %, Dwarikesh Sugar BSE 1.98 % and Goa Carbon; stocks that have soared over 1,000 per cent between October 2015 and this October. Either of them could have grown an investment of Rs 1 lakh into Rs 10 lakh between October 2015 and now. If one-in-three is…
About The Stock Dwarikesh Sugar (DSL) is a UP based sugar company with sugar crushing capacity of 21500 TCD, distillery capacity of 163 KLD & co-generation capacity of 91 MW. It is undertaking a distillery capacity addition of 170 KLD with investment of Rs 230 crore. The distillery will be commissioned by June-2022. Q4-FY22 Results DSL reported strong profit growth in Q4FY22. What should…
The sector is in the sweet spot due to structural changes, thanks to various government initiatives which ensure the financial position of the companies remains healthy. Historically, the domestic sugar industry has been plagued by two major issues – natural cyclicality (irregular monsoons) and induced cyclicality (leading to cane arrears). Not even a single stock from this sector eroded investors’…