Page 2 - Up Sugar Mills

UP sugar mills risk Rs 500 cr loss as regulator cuts power tariffs

Against the prevailing tariffs of Rs 6.19 to Rs 6.75 per unit for the purchase of cogenerated power supplied by mills to UPPCL, the UPERC has proposed paring the rate by around Rs 2.25 per unit

UP private sugar mills receive soft loans worth Rs 2,916 crore

Last year, the state had announced the Rs 4,000-crore package to help private millers tide over the precarious payments situation

UP extends Rs 4,000 crore soft loan window to sugar mills by 15 days

Yogi govt had announced the scheme last year to aid mills in settling cane arrears

Clear farmers' dues or face jail: Adityanath's warning to sugar mill owners

Adityanath warned the goons to shun criminal activities otherwise they will be sent to that place where they ought to be

UP extends soft loan window for private sugar mills to December 10

The state had announced the soft loan package of Rs 40 billion to help the private millers tide over their precarious payments situation

UP sugar mills to add ethanol plants, distilleries from next year: Yogi

Blames previous governments for shutting, selling off state sugar mills

UP sugar mills to start crushing from Oct 27 amid Rs 78-bn cane arrears

The state's mills had been asked to settle their arrears by November

In relief for private sugar mills, UP extends soft loan window to Oct 31

UP govt has created a corpus of Rs 40 bn to be offered as a soft loan to aid the settlement of cane arrears by private millers

UP allocates Rs 65 bn in Supplementary Budget to settle sugar mill arrears

The domestic sugar market has been hit by market glut and total outstanding of about Rs 150 bn, of which UP mills account for the highest share at over Rs 104 bn

Uttar Pradesh sugar mills press for incentive of Rs 40 per quintal

According to sources, the government could announce some package for the industry in a day or two

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

Sugar market glut, farmers' outstanding to lead to a bitter season in UP

UP's mills, dominated by the private sector's 94 units, have already expressed their inability to participate in the next crushing season

Uttar Pradesh govt looks beyond sugar mills with khandsari, gur units

To give cane farmers a viable alternative to only sugar mills as their buyers, the Uttar Pradesh government has decided to revive and boost the state's jaggery (gur) and khandsari (unrefied sugar, made from thickened cane syrup) industries. This would also, it thinks, boost entrepreneurship, create jobs and spur the rural economy.One plus for farmers in selling to gur or khandsari units is that they offer spot payment to farmers, without much supply and weighing hassles. Unlike sugar mills, which are also allowed a window of 14 days to settle payment.At one point, there were about 5,000 khandsari units in UP, now down to 157. To incentivise these, the state government last week took two decisions. One, reducing the radial distance from the nearest sugar mill for licencing one to eight km, from the earlier 15 km. Two, waiving all levies on production of gur.What has driven the state government is the need for a way out from the cyclical nature of the sugar sector. It has, over the ...

UP likely to give Rs 20 billion dole to sick government sugar mills

In 2007, the Mayawati government (2007-12) had taken the decision to privatise 10 operational mills of UPSSCL and 11 defunct units of UP Rajya Chini Evam Ganna Vikas Nigam Ltd (UPRCEGVNL)

Uttar Pradesh sugar mills owners meet CM Adityanath, seek bailout package

Millers had met CM in Lucknow over sugar price fall, possible fallouts

UP sugar mills saddled with Rs 1,130-cr farmers' arrears

The private millers owe the bulk at almost Rs 945 cr, or 84% of the consolidated arrears