Indian sugar companies shares jump on report of export relaxation

Dalmia Bharat Sugar And Industries

14/01/2025 10:02

** Shares of Indian sugar companies jump between 3% and 7%
    ** ET Now reports citing sources that India is likely to
lift restrictions on sugar exports    
    ** India, the world's biggest sugar producer after Brazil,
had banned mills from exporting the sweetener from Oct. 1, 2023 
 
    ** Triveni Industries and Engineering  TREI.NS , Shree
Renuka Sugars  SRES.NS , Dalmia Bharat Sugar  DLMI.NS , Bajaj
Hindusthan Sugar  BJHN.NS  and Balrampur Chini Mills  BACH.NS 
jump 3%, 4.5%, 5.5%, 7.0%, and 7.2%, respectively 
    ** In 2024, SRES fell 16%, DLMI was down 12%, while BJHN,
BACH and TREI rose 9%, 29% and 32%, respectively  
     

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))