1. Sugar stocks surge as CCEA okays Rs 6,000 cr interest-free loan

Sugar stocks surge as CCEA okays Rs 6,000 cr interest-free loan

Cabinet approved Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers.

By: | New Delhi | Updated: June 10, 2015 1:26 PM
sugar import

Shares of sugar firms rose after government said it will provide interest-free loans to sugar mills struggling to pay cane dues to farmers because of weak demand.

Cabinet on Wednesday approved Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers.

Shares of sugar firms rose after government said it will provide interest-free loans to sugar mills struggling to pay cane dues to farmers because of weak demand.

Stocks of companies such as Bajaj Hindusthan Sugar Ltd , Sree Renuka Sugars Ltd, Dhampur Sugar Mills Ltd, Andhra Sugars Ltd, Mawana Sugar and Balrampur Chini Mills Ltd rose in the range of 6 to 13 per cent.

(With Reuters inputs)

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