UTTAR PRADESH SUGAR MILLS ASSOCIATION
Sugar summit: India to hosts Global ISO Council meet from June 25-27, showcases biofuel leadership
India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. India, the world's largest consumer and second-largest sugar producer, has been nominated to chair the ISO for 2024.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Triveni Engineering & Industries acquires majority stake in Sir Shadi Lal Enterprises
Triveni Engineering & Industries Ltd announced acquiring an additional 36.34% stake in Sir Shadi Lal Enterprises Limited, making SSEL a subsidiary of the company.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Rahul, Priyanka will not be blamed for Lok Sabha poll defeat, claims Amit Shah
Union Home Minister Amit Shah stated that Congress president Mallikarjun Kharge will lose his job after the Lok Sabha election results are announced on June 4. He added that Rahul Gandhi and Priyanka Gandhi will not be blamed for the defeat. Shah predicted a strong performance by PM Modi and criticised the opposition leaders for alleged corruption and lack of understanding of people's issues.
Finally coming out of the woods? 6 mid and smallcap stocks from the much less talked paper industry
Remember a company called Ballarpur industry ltd or commonly known as ( BILT) from Thapar group. From being a blue chip and part of indices going through a corporate insolvency resolution process under IBC. There are some industries which at one point of time were considered to be safe haven. Best of the industrial houses used to run them and the street used to treat their stocks as blue chips. Then came a time, both due to dumping by China and other factors, that the whole sector went into dumps and just never recovered for decades; both in real business and also on the street. Now when an industry stays in deep trouble for a long time, there are some players who are able to survive. How do they do it? either by changing the way they operate in terms of management ability, by adding new products or any others. The paper industry has been facing multiple challenges, now after years of consolidation in which many players exited, there are few left and have achieved a scale. Numbers are reflecting it, when will the street start to have a look at then more kindly is the question.
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Indian wheat was poised to feed the world. It now grapples to replenish reserves
India's wheat policy requires a comprehensive review to ensure the production and procurement balance is maintained.
Sugar output remains slightly lower at 31.09 million tonnes till Apr 15 of 2023-24 season: ISMA
India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period. Indian Sugar Mills Association (ISMA) has revised the net sugar production estimate for 2023-24 season to 32 million tonnes.
Fundamental Radar: What makes Balrampur Chini a stock worth accumulating in corrections?
Balrampur Chini Mills shares down 10% in a year, missing sector growth prospects. India produced 25.5M tonne sugar by Feb, down 1% YoY. Maharashtra, Karnataka improved yields, but concerns on sugar diversion remain.
Industry body ISMA revises 2023-24 sugar production estimate upwards by 2.9%
According to the data provided by Maharashtra government, the state’ sugar production as on March 12 stood at 9.9 million tonnes against 10.15 million tonnes produced on the same day of previous year; down by 2.42%. “The sugarcane availability in Maharashtra and Karnataka is higher than what was expected earlier. However, cane availability in another major state Uttar Pradesh is predicted to be lower than earlier estimates,” said ISMA in a statement.
India is poised to become world's third-largest economy during PM Modi's third term: UP CM Adityanath
Yogi Adityanath asserted that India will become the world's third-largest economy during Narendra Modi's third term as Prime Minister. The income of every individual will rise, leading to enhanced prosperity. He highlights the double engine government's efforts to revive Deoria and Kushinagar, including the revival of sugar mills and the start of a college of the Agricultural University.
Govt offers debt restructuring and one-time settlement to sugar mills for loans taken under SDF
The government has issued revised guidelines for loans taken under the Sugar Development Fund (SDF), providing relief to sugar mills. The guidelines offer debt restructuring and a one-time settlement option for outstanding loans. The outstanding loans of sugar mills as of January 31 amount to Rs 3,730.15 crore, with penal interest of Rs 939.87 crore.
'Balrampur Chini announces Rs 2000cr capex in India's first industrial bioplastic
Balrampur Chini Mills Limited (BCML) announced a Rs 2000 crore forward integration project for the first-ever industrial bioplastic plant in India. The project aims to combat climate change, achieve net zero emissions, and promote efficient usage of sugar as a raw material. Stefan Barot's expertise adds value to the project.
Gross sugar output may fall 10 pc to 330.5 lakh tonnes in 2023-24 marketing year ending Sep: ISMA
India's sugar production, without ethanol diversion, is estimated to decline 10% to 330.5 lakh tonnes in the current marketing year. Maharashtra and Karnataka are likely to see lower output. The gross production in Maharashtra is estimated to fall to 99.9 lakh tonnes, while in Karnataka it may dip to 49.7 lakh tonnes. In Uttar Pradesh, the gross output is seen increasing marginally. The government has allowed sugar diversion of only 17 lakh tonnes for ethanol production. This could result in a net sugar production of around 313.5 lakh tonnes.
AISTA's 1st estimate pegs sugar output 4 pc lower at 31.6 mn tons for 2023-24 season
AISTA projects India's sugar production for the 2023-24 season to be around 31.6 million tonnes, a four percent decrease from the previous season. The estimated net domestic sugar production excludes a sucrose diversion of 2 million tonnes for ethanol production. The availability of sugar in the country is estimated to be 37.3 million tonnes, higher than the estimated domestic consumption of 29 million tonnes.
India's year-on sugar production till January 15 lags by 5.28%
Expecting a fall in India's sugarcane production due to drought conditions in Maharashtra and Karnataka, India has banned use of sugar syrup and B-heavy molasses for ethanol. However, despite the sugar production being lower than previous year, citing 'reports', the ISMA has now claimed that the sugar production is likely to be higher than expected earlier.
India's Oct-Dec sugar output dips 7.7 pc to 112 lakh tons: NFCSF
However, Uttar Pradesh, the country's second largest sugar producing state, produced more sugar at 34.65 lakh tonnes till December of this season, when compared to 30.80 lakh tonnes in the year-ago period. NFCSF said the average sugar recovery in the country stood at 9.17 per cent and "as winter progresses, sugar yield is expected to increase accordingly".
India's Oct-Dec sugar output drops 7.6% y/y: Industry body
India's sugar output this crop year, hit by weak rains, is set to lag consumption for the first time in seven years, according to traders and a survey of farmers, and lower plantings may even force the world's No.2 producer to import the following year.
India's sugar production till December 15 trails by 10.7%
"Maharashtra had the highest share of 24.25 lakh tonnes, followed by Uttar Pradedh, which has produced 22.11 lakh tonnes. Karnataka is at the third place with production of 16.95 lakh tonnes of sugar," said ISMA in a media release.
RIL turns to sugar mills to fuel green energy plans
In September, RIL chairman Mukesh Ambani had announced plans to set up 100 CBG plants over the next five years. These plants are expected to consume 5.5 million tonnes of agri-residue and organic waste.
Balrampur Chini aims to maintain growth traction; acquisition opportunities on radar
The city-based sugar major, which operates ten sugar factories in Uttar Pradesh with an aggregate sugarcane crushing capacity exceeding 80,000 TCD, remains open to acquisitions for inorganic growth while maintaining organic growth in its existing mills.
India's Oct-Nov sugar output drops as mills start late: Trade body
Indian sugar mills have produced 4.32 million metric tons of sugar, down 10.7% YoY, due to delayed operations in Maharashtra and Karnataka due to price disputes with farmers. This could lead to reduced export quotas and support for global prices trading near multi-year highs.
Another round of re-rating? 6 stocks from sugar industry with upside potential of up to 35%
Among many industries which have seen a strong transformation in the last nine years due to policy initiatives has been the sugar industry. This is despite the fact that sugar is a state subject where central policies can only play a limited role. If one looks at the balance sheet of a large number of them, they are far better placed than they were six years ago and to some extent in the last two years even the institutional investors have started to take exposure in this sector which they have avoided for more than three decades.
Sweetness by transformation; 5 stocks from sugar industry with upside potential of up to 42%
In the last nine months, the upward trend in sugar price in the global commodity markets has brought back focus on the sugar sector. But in the case of India, the sugar sector has been going through a transformation. From just being a sugar producer to becoming part of the clean energy supply chain. All thanks to mixing ethanol with other fuels. In fact a number of companies have seen a significant improvement in their bottomline due to this shift. As the underlying macro changes sugar companies are making a comeback on the analyst list and some of them have seen an increased participation by institutional investors.
Prioritising grain-based ethanol in Bihar and MP has increased losses of molasses-based ethanol manufacturers, says ISMA
Oil marketing companies (OMCs) have signed long-term purchase agreements with the new grain-based distilleries in Bihar and MP. According to ISMA, the preference given to grain-based distilleries in these states has resulted in making ethanol supplies non-viable for the sugar-based distilleries from these two states.
Uttar Pradesh surpasses Maharashtra in sugar production this season
"The total sugar produced by Uttar Pradesh in sugar season 2022-2023 is 107.29 lakh tonnes (which includes 3.05 lakh tonnes of Khandsari (physically extracted sugar from liquid jaggery), as compared to 105.30 lakh tonnes by Maharashtra. The area under cane cultivation in Uttar Pradesh is 28.53 lakh hectare (maximum in India) as compared to 14.87 lakh hectare in Maharashtra," said UP's Cane Development and Sugar Mills' minister Laxmi Narayan Chaudhary
Sugarcane growers to lobby against inclusion of sugar mill owners in new Karnataka cabinet
In December last year, sugarcane farmers had protested for 23 days, demanding higher prices and alleging that sugar factory owners were cheating farmers by using faulty measures to weigh the cane that they brought in. The Ministry for Textiles and Sugar had in response ordered raids on 22 sugar factories, but officials did not find any evidence of malpractice in the weighing.
SC dismisses Dhampur, Avadh objection to Bindal Paper’s proposed sugar mill in UP
A bench led by Justice Abhay S Oka upheld the Allahabad High Court’s order that ruled that the coming up of a fresh factory would not in any manner hurt the business interests of the existing sugar factories and would bring in more prosperity for the sugarcane growers as the percentage of sugarcane sale would increase.
Sugar production up 3.42 pc at 193.5 lakh tonnes in Oct-Jan of 2022-23: ISMA
The country's sugar production rose 3.42 per cent to 193.5 lakh tonnes in the first four months of the ongoing marketing year ending September, on rise in output in key producing states, industry body ISMA said on Thursday. Sugar production stood at 187.
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