Triveni Engineering & Industries (up 7.60%), Sakthi Sugars (up 7.23%), Shree Renuka Sugar (up 7.07%), Bajaj Hindusthan (up 6.80%), Dhampur Sugar Mills (up 6.52%), Rana Sugars (up 6.35%), Oudh Sugar Mills (up 4.86%), Balrampur Chini Mills (up 4.24%), Dwarikesh Sugar Industries (up 4%), Eastern Sugar & Industries (up 3.77%), KCP Sugar & Industries Corporation (up 3.17%), Empee Sugars and Chemicals (up 0.81%), DCM Shriram Industries (up 0.76%), EID Parry (India) (up 0.67%) and Simbhaoli Sugar Mills (up 0.62%), edged higher.
The BSE Sensex was down 313.87 points, or 1.67% at 18,487.77.
In October 2012, a committee headed by C. Rangarajan, chairman of the prime minister's economic advisory council, to look into all the issues relating to the deregulation of the sugar sector, recommended immediate removal of two major controls - regulated release mechanism and levy sugar obligation.
Under levy-sugar obligation, private millers are required to sell a specified amount of the sweetener to the government at concessional rates.
Under the regulated release-order mechanism, the government decides on the quantum of sugar each mill could sell in the market every quarter or every month.
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