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Sugar industry

ICAR-CIRCOT and Relegare Agro Life Bio Science ink MoU to develop microbial inoculum from agri- waste

The microbial inoculum can boost the rapid degradation of agro residues (such as sugarcane leaves after harvesting) under field conditions. ICAR-Central Institute for Research on Cotton Technology, Mumbai signed a…

Centre facilitates mutually agreed price of Rs 4263/MT for sale of PDM by sugar mills

PDM manufacturers can also claim subsidy at Rs 345/Ton at present rates under Nutrients Based Subsidy Scheme (NBS) of Department of Fertilizers. The Central Government has facilitated mutually agreed price…

Cabinet approves FRP of sugarcane payable by sugar factories for sugar season 2024-25

Fixed FRP of sugarcane at Rs. 340 per quintal for a basic recovery rate of 10.25% which is about 8 per cent higher than FRP of sugarcane for current season…

Shree Renuka Sugars remains steadfast and progressing ahead in Q3 FY24

The operating performance continues to be driven by higher Revenues and EBITDA due to improved realizations across all segments. Shree Renuka Sugars Limited – one of India’s largest sugars and…

Govt imposes 50% export duty on molasses to boost ethanol production

The move aims to increase the availability of B and C heavy molasses for ethanol production. The central government has announced 50 per cent export duty on molasses. The proposed…

India becomes Chair of International Sugar Organisation for 2024 to lead global sugar sector

India achieves 12% ethanol blending with petrol in ESY 2022-23 while the ethanol production has increased from 173 crore litres to more than 500 crore litres during the same period.…

14th Agrovision to showcase best of innovations, technologies and services in the agricultural sector

Agrovision attracts lakhs of farmers from Maharashtra and adjoining states, as well as experts, policymakers, entrepreneurs, and other key stakeholders from the agri domain. Agrovision India is Central India’s largest…

Sunpure forays into packaged jaggery market

Company aims to clock a revenue of Rs 120 crores per annum in the segment. Bengaluru based Sunpure, South India’s largest edible oil brand, today announced its foray into a…

DCM Shriram obtains Rs 200 Cr sustainability linked loan from HSBC India

The funds obtained through this strategic financial move will be utilised to support the company’s ongoing capital expenditure initiatives in Bharuch, Gujarat. DCM Shriram, a company engaged in sugar, fertiliser…

Centre orders mandatory weekly sugar stock disclosure for traders, retailers & big chain retailers

This fully digital initiative will facilitate smooth sugar market with deterrence to commodity hoarders from any speculative transactions. Government of India has been successfully maintaining stable retail price of sugar…

ISMA urges GST parity for flex fuel vehicles amid E20 milestone

 GST parity will directly contribute to reducing country’s fuel bill while simultaneously curbing carbon emissions from the transportation sector. With the target of 10 per cent ethanol blending being achieved,…

Centre provides allotment of 2 LMT sugar in domestic quota for August

The additional sugar in the domestic market will ensure reasonable prices all over the country Keeping in view the strong demand for sugar for the upcoming festivals of Onam, Raksha…

UPL SAS signs MoU with NSL Sugars to enhance farmers’ yield

It aims to achieve a minimum 15% increase in yield per acre, equating to approximately 5 metric tons per acre, resulting in an additional income of Rs 12,000 to 15,000…

Shree Renuka Sugars posts 18% growth in total income in Q1 FY2023-24

Total income up by 18 per cent over the previous year from Rs 19,401 million to Rs 22,865 million Refinery contributed 70 per cent of the topline. Shree Renuka Sugars…

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