Rs 110 bn cane arrears: UP sugar mills knock at Yogi's door for bailout

Renew demand for Rs 40/quintal incentive relating to previous crushing season, when mills had paid highest cane price of Rs 315/quintal under SAP mechanism

Promoters of top sugar mill companies operating in Uttar Pradesh have met chief minister Yogi Adityanath in the backdrop of massive farmers’ arrears of Rs 110 billion, even as another challenging crushing season is fast approaching.

Officials and promoters of top sugar companies such as Balrampur Chini, Dalmia Bharat, Birla and DCM Shriram met Adityanath on Thursday to apprise him of the issues facing the state sugar industry and seek a bailout against outstanding.

Although the meeting has been termed as ‘a courtesy call’ by the industry officials, it served the purpose of the private millers renewing their demand for