Tuesday 28 April 2015

Sugar stocks up; Govt may announce package for sugar

The government is expected to take a call on demands raised by sugar millers, farmers and others to lower sugarcane payment arrears to farmers

Balrampur Chini MillsSugar stocks gained on reports that the government may announce package for the sugar sector.

The government is expected to take a call on demands raised by sugar millers, farmers and others to lower sugarcane payment arrears to farmers, which reached Rs 19,000 crore by the end of financial year 2014-15, in the next few days, according to a media report.

Sakthi Sugars stock has rallied 8% at Rs. 14.25 on BSE.

Shree Renuka Sugars stock is trading up 1.2 at Rs. 12.66 on BSE.

Balrampur Chini Mills stock has also gained 1.39% at Rs. 47.70.

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