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Sugar stocks rally up to 10% as govt approves Rs 10,540 crore soft loan

Uttam Sugar Mills, Dharani Sugars, Triveni Engineering, DCM Shriram Industries, Thiru Arooran Sugars and Dwarikesh Sugar were up in the range of 5 to 10 per cent on the BSE in intra-day trade.

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From the 2018-19 sugarcane season starting October, the Centre not only increased the base recovery rate from 9.5 to 10 per cent, but also raised the premium extra yield in sugar from Rs 2.68 per quintal to Rs 2.75 a quintal

SI Reporter Mumbai

Last Updated : Mar 01 2019 | 10:58 AM IST

Shares of sugar companies rallied up to 10 per cent on Friday, extending their previous day’s gains on the BSE after the government approved Rs 10,540 crore soft loans to help sugar mills clear cane arrears.

Uttam Sugar Mills, Dharani Sugars & Chemicals, Triveni Engineering & Industries, DCM Shriram Industries, Thiru Arooran Sugars and Dwarikesh Sugar Industries were up in the range of 5 to 10 per cent on the BSE in intra-day trade.

Balrampur Chini Mills (up 4 per cent at Rs 137) and Dalmia Bharat Sugar and Industries (6 per cent at Rs 130) hit their

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