FMCG firms cut down on sugar
Timing it with World Diabetes Day, Dabur India has partnered with the AYUSH Ministry to launch its GLYCODAB tablets. As India is among the top three countries with a high diabetic population, companies have started offering products or variants that either help in effective management of diabetes or prevention of such lifestyle diseases....
Molasses price falls 45% in north
Faced with over two million tonnes of surplus molasses, sugar mills in Uttar Pradesh are looking at non-traditional markets for remunerative disposal. With farmers adopted a high-yielding variety for sowing this season, sugarcane output in UP is estimated to increase by 15-20 per cent this year from last year, to around 210 million tonnes; last year’s was 182.5 mt....
Unchahar boiler blast: UP govt issues instructions to sugar
Taking a serious note of the boiler blast at Unchahar power plant and loss of lives, Uttar Pradesh's sugarcane department has issued instructions making ash cleaning compulsory in every shift in all the sugar mills. Strict instructions have been issued to general managers of sugar mills to ensure proper and smooth operation of boilers, Principal Secretary, sugar industry and sugarcane development, Sanjay Bhoosreddy said. ...
Dwarikesh Sugar Q2 profit down 18% at Rs 30 cr
Dwarikesh Sugar Industries today reported 18 per cent decline in its net profit to Rs 30.08 crore for the quarter ended September 30. Its net profit stood at Rs 36.76 crore in the year-ago period. The revenue from operations rose 23 per cent to Rs 316.55 crore in the second quarter of this fiscal from Rs 256.45 crore in the corresponding period previous year. ...
KM Sugar Mills standalone net profit declines 56.77% in the September 2017 quarter
Sales rise 77.83% to Rs 95.62 crore. Net profit of KM Sugar Mills declined 56.77% to Rs 1.31 crore in the quarter ended September 2017 as against Rs 3.03 crore during the previous quarter ended September 2016. Sales rose 77.83% ...
Sugar price closes quiet on some support
Sugar prices settled quiet at the wholesale market in the national capital today following adequate stocks against scattered demand. Marketmen said ample stocks position against restricted buying by bulk consumers mainly kept sugar prices unaltered. ...
Sugar mills to benefit from 5% hike in ethanol procurement
The government's decision to increase ethanol price for the procurement season 2017-18 for the oil marketing companies (OMCs) will benefit the integrated sugar mills, according to ICRA.This rise in ethanol price for the procurement season 2017-18 (starting December 2017) to Rs 40.85 per litre for the OMCs might results...
Dhampur Sugar Q2 Net up 64.69 pc at Rs 60-cr
Dhampur Sugar Mills today posted 64.69 per cent jump in consolidated net profit to Rs 60.51 crore for the second quarter of this fiscal on strong sales.Its net profit stood at Rs 36.74 crore in the same quarter last fiscal, the company said in a regulatory filing....
Small sugar edges up in lacklustre trade
Small sugar prices edged up in an otherwise lacklustre Vashi wholesale market here today due to good demand from stockists and bulk consumers. While medium sugar ruled steady in absence of any worthwhile buying activity. ...
Balrampur Chini Q2 net profit drops 22 pc at Rs 82 cr
Leading sugar firm Balrampur Chini Mills Ltd today posted a 22.27 per cent drop in its standalone net profit at Rs 82.39 crore in the second quarter of the current fiscal on higher expenses. In a regulatory filing, the company however said that the revenue from its operations for the second quarter of this year are net of GST...