Indian sugar firms climb after govt allows ethanol production from cane juice

Bajaj Hindusthan Sugar

30/08/2024 04:59

** Shares of Indian sugar makers gain between 6% and 9% 
    ** Sugar mills in India will be allowed to produce ethanol
from cane juice from Nov. 1, the govt said, after imposing curbs
in 2023
    ** Balrampur Chini Mills  BACH.NS  jumps 6.2%, Shree Renuka
Sugars  SRES.NS  gains 7.4% and Bajaj Hindusthan Sugar  BJHN.NS 
adds 8.5% in early trade
    ** BACH has gained 50% YTD, while SRES and BJHN advanced 8%
and 58%, respectively

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))