Indian sugar cos gain as state fuel retailers hike ethanol buying price

Bannari Amman Spinning Mills

29/12/2023 08:09

** Shares of Indian sugar companies rise between 1% and 3%
after Reuters reported India's state fuel retailers raised
procurement prices for ethanol 
    ** Move aimed at boosting production of ethanol, which is
used for blending with petrol
    ** Shares of Dalmia Bharat Sugar and Industries  DLMI.NS ,
Triveni Industries  TREI.NS , Bajaj Hindusthan Sugar  BJHN.NS 
Dhampur Sugar Mills  DAMS.NS  rise between 1% and 3%
    ** Balrampur Chini Mills  BACH.NS  gain 3%
    ** Meanwhile, refiners were down, with Bharat Petroleum Corp
 BPCL.NS , Indian Oil  IOC.NS  and Hindustan Petroleum Corp
 HPCL.NS  falling between 3%-4%
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))