No more SAP for TN sugar mills
Shares of Tamil Nadu-based sugar producers such as EID Parry, Ponni Sugars (Erode), Rajshree Sugars and Chemicals, Sakthi Sugars and Thiru Arooran Sugars may see buying interest, as the TN government has decided to move away from State Advisory Price over and above the fair and remunerative price for sugarcane. In the Budget speech on Thursday, the Finance Minister said the state has decided to switch over to the revenue share price fixation model.
Source: thehindubusinessline-Published on 2018-03-15