Dec 19, 2013, 07.55 PM IST
The cabinet has approved a scheme of interest free loans to sugar mills, Food Minister K.V. Thomas said on Thursday, as part of a bail-out package to beleaguered mills
Tags Brazil, India, K.V. Thomas, Food Minister, sugar, Cabinet, Balrampur Chini, Bajaj Hind
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Government approves interest-free loan to sugar mills
The cabinet has approved a scheme of interest free loans to sugar mills, Food Minister K.V. Thomas said on Thursday, as part of a bail-out package to beleaguered mills
Like this story, share it with millions of investors on M3
Government approves interest-free loan to sugar mills
The cabinet has approved a scheme of interest free loans to sugar mills, Food Minister K.V. Thomas said on Thursday, as part of a bail-out package to beleaguered mills
Under the approved scheme, banks will provide interest free loans to help mills to clear cane dues to growers.
Cane crushing in the world's second biggest producer after Brazil started a month behind schedule as result of decline in sugar prices and rising cane rates. The delay has halved the country's sugar output so far.
India started the new sugar marketing year on October 1 with carry-forward stocks of 8.8 million tonnes. It is expected to produce 25 million tonnes this year, larger than demand of 23 million tonnes.
Balrampur Chini stock price
On December 19, 2013, Balrampur Chini Mills closed at Rs 46.15, up Rs 0.75, or 1.65 percent. The 52-week high of the share was Rs 54.00 and the 52-week low was Rs 34.60.
The latest book value of the company is Rs 54.04 per share. At current value, the price-to-book value of the company was 0.85.
Action in Balrampur Chini Mills
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