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

By: | Updated: June 10, 2015 1:26 PM

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

sugar importShares 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)

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition