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Thursday, May 13, 2021

Maharashtra Sugar mills

MAHARASHTRA SUGAR MILLS NEWS

Maharashtra crosses 100 lakh tonnes in sugar production, but cane arrears, sales quota bigger worry for sector

April 05, 2021 9:45 pm

Nearly 20 lakh tones of cane still remains to be crushed with the season expected to get over by the end of this month. Mills in Pune, Satara, Jalna and Ahmednagar are now mainly in operation.

Cooperative sugar mills in Maharashtra fail to sell even 50 percent of sales quota, stuck with record unsold inventory

April 05, 2021 9:38 pm

Sugar Commissioner Shekhar Gaikwad had issued notices to the regional joint directors to check for such sales but till date, no incident of below MSP sale has been officially recorded.

4 more sugar mills served notices of property attachment

March 21, 2021 5:08 am

On Saturday, two mills in Solapur and one each in Satara and Beed were issued notices of attachment of properties for failing to pay their farmers the government declared Fair and Remunerative Price (FRP) for cane purchased.

Sugar mills look forward to robust sales in February after two months of sluggish business

February 04, 2021 12:13 am

Low demand has caused distress sales below MSP.

Maharashtra sugar mills clear over 99 per cent dues to farmers, but delayed start to season likely

October 07, 2020 8:54 am

As on September 30, mills that were to pay Rs 14,055.27 crore to their farmers in lieu of cane purchased have effected payment of Rs 14,099.42 crore with some mills paying more than the government stipulated Fair and Remunerative Price (FRP) to their growers.

Maharashtra: Amid cash crunch, govt issues Rs 391 crore guarantees to sugar mills

September 24, 2020 2:32 am

The recommendation to stand guarantee for sugar cooperatives comes at a time when the state exchequer is facing a severe cash crunch. A prolonged lockdown has resulted in drying up of revenues, forcing the government to borrow for meeting even the monthly wage bill.

Maharashtra: State govt indicates readiness to provide bank guarantee to cooperative sugar mills

August 07, 2020 12:55 am

Officials said the state government has asked them to ensure the pre-seasonal loans have to be repaid before the end of the season. “So, the banks will not revoke the guarantee and save the government from coughing up the amount if mills fail to repay it,” he said.

Maharashtra sugar millers plan to start production of hand sanitisers soon

March 26, 2020 10:20 pm

Bhairavnath B Thombare, president of the West India Sugar Mills Association (WISMA), said 70 private mills in the state have distillery units of which at least 30-40 could take up production of hand sanitisers.

Norms for extending govt guarantees for cooperative sugar mills relaxed

February 13, 2020 3:20 am

Cong MLA-led mill first beneficiary

Maharashtra’s Sugar Commissionerate cracks the whip to make mills pay up dues

October 28, 2019 7:05 am

Because many politicians also own the mills, the government has historically been lax in asserting its rights as an investor. This inefficiency eventually cost the government in the MSC Bank case.