Indian sugar firms gain on govt bailout package

K M Sugar Mills

06/06/2018 09:15

** Shares of sugar producers climb in afternoon trade
following report of government approving a bailout package for
the sugar sector
    ** India's cabinet, at a meeting chaired by Prime Minister
Narendra Modi, approved a bailout package for the sector, a
government source said on Wednesday, to help struggling mills
and cane growers  urn:newsml:reuters.com:*:nD8N1S8014
    ** E.I.D-Parry (India) Ltd  EIDP.NS  rises as much as 7.5
pct to 234.7 rupees, while DCM Shriram Ltd  DCMS.NS  climbs
nearly 5 pct
    ** Ugar Sugar Works Ltd  UGSW.NS  gains as much as 6.4 pct
to 16.5 rupees 
    ** K M Sugar Mills Ltd  KMSU.NS  gains over 4 pct, while
Bajaj Hindusthan Sugar Ltd  BJHN.NS  rises nearly 6 pct

 ((Reuters Messaging:
vishal.sridhar.thomsonreuters.com@reuters.net))