India's sugar stocks slump on govt plans to curb ethanol production

E I D-Parry (India)

07/12/2023 04:21

** Shares of sugar companies like Dwarikesh Sugar  DWAR.NS ,
EID Parry  EIDP.NS , Shree Renuka Sugars  SRES.NS  Balrampur
Chini Mills  BACH.NS , Triveni Engineering  TREI.NS , Dhampur
Sugar  DAMS.NS  slump between 4.4%-6.4% 
    ** Stocks slide as Indian government plans to discourage
diversion of sugar for ethanol production as part of government
efforts to increase sugar output 
    ** Triveni Engineering and Balrampur Chini Mills among the
top losers 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))