Indian sugar companies jump on report of ethanol price hike

Dalmia Bharat Sugar And Industries

16/01/2025 06:22

** Indian sugar companies gain between 2.4% and 6.6%
    ** Indian government preparing for final decision on
proposed ethanol price increase, ET Now reports citing sources
    ** Report says price of ethanol made from B-heavy molasses
expected to rise by ~2 rupees/litre, while price of ethanol made
from sugarcane juice likely to climb 1.50 rupees/litre
    ** Balrampur Chini Mills  BACH.NS , Bajaj Hindusthan Sugar
 BJHN.NS , Dhampur Sugar Mills  DAMS.NS , Dalmia Bharat Sugar
and Industries  DLMI.NS , E.I.D. - Parry (India)  EIDP.NS ,
Shree Renuka Sugars  SRES.NS , Triveni Engineering and
Industries  TREI.NS  up 2.4%, 3.9%, 6.6%, 4.8%, 3%, 4.1% and
2.9%, respectively
    ** In 2024, BJHN, BACH, TREI, EIDP advanced 9.2%, 29.1%,
32.3%, 60.5%, respectively; SRES lost 16.3%, DLMI fell 12% and
DAMS shed 36.3%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))