Indian sugar firms drop on report govt to extend sugar export ban

Triveni Engineering and Industries

06/09/2024 10:06

** Shares of Indian sugar makers down between 2%-3% 
    ** India plans to extend a ban on sugar exports for the
second straight year as it grapples with the prospects of lower
cane output, government sources told Reuters
    ** Shree Renuka Sugars  SRES.NS  down 3%
    ** Balrampur Chini Mills  BACH.NS  down 2.6%
    ** Dalmia Bharat Sugar and Industries  DLMI.NS  down 2.4%
    ** Dwarikesh Sugar Industries  DWAR.NS  down 2.4%
    ** Triveni Engineering  TREI.NS  down 3%
    ** YTD, SRES is up 0.9%, BACH up ~40%, DLMI up 9.5% while
DWAR is down 16.1%, TREI up 38%

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