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DALMIASUG - Dalmia Bharat Sugar And Industries News Story

₹168.05 -6.4  -3.7%

Last Trade - 05/03/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £134.6m
Enterprise Value £139.0m
Revenue £271.6m
Position in Universe 723rd / 3099

BUZZ-Indian sugar stocks fall after competition watchdog imposes penalty

Fri 21st September, 2018 6:09am
** Shares in Bajaj Hindusthan Sugar Ltd  BJHN.NS , Dalmia
Bharat Sugar and Industries Ltd  DLMI.NS  and Balrampur Chini
Mills Ltd  BACH.NS  plunge as much as 3.2 pct-9.1 pct
    ** Competition Commission Of India (CCI) said on Thursday https://twitter.com/CCI_India/status/1042717772378079232
 imposed a penalty of 380.5 mln rupees ($5.29 mln) on sugar
mills and their associations for rigging bids in respect of
joint tender floated by oil marketing cos for procurement of
ethanol for blending with petrol
    ** Bajaj Hindusthan said after market hours on Wednesday CCI
imposed a penalty of 123.5 mln rupees; co said it will appeal
against the order  urn:newsml:reuters.com:*:nFWN1W50HM
    ** Bajaj Hindusthan's stock posts biggest intraday pct fall
since May 14
    ** Bajaj Hindusthan's stock gained 72 pct in the last seven
sessions following a hike of up to 25 pct in ethanol purchase
prices and on hopes govt may consider a proposal to get mills to
export 5 mln tonnes of sugar by incentivising overseas sales in
2018/19 season  urn:newsml:reuters.com:*:nL3N1W456S
($1 = 71.9550 Indian rupees)

 ((Reuters Messaging:
krishna.vkurup.thomsonreuters.com@reuters.net))
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