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sugar mills News

Maharashtra: Sugar millers likely to start operations, plan to convert stock to ethanol

Maharashtra had reported 8.43 lakh hectares (lh) of cane area in 2019 as against the 11.43 lh of area reported for the season in 2018.

Explained: In ethanol, government’s sugar solution

Government has hiked ethanol procurement price for blending with petrol, allowed conversion of old sugar into ethanol. How is the move expected to address problems of overproduction and unpaid dues?

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Delay crushing season to give cane crop time to recover from drought, flood: Maharashtra sugar millers

As against the 11.43 lakh hectares of cane that the state had reported this year, the mills were to crush only over 8.43 lakh hectares of crop. The state’s sugar production was set to fall from last year’s 107.21 lakh tonnes (lt) to 64 lt.

Banks sanction Rs 2,559 crore: 49 of 172 Maharashtra sugar mills fail to get soft loans

Alarmed by the inability of sugar mills to pay their growers the basic Fair and Remunerative Price (FRP) for the cane purchased, the central government had in March announced a soft loan scheme.

Maharashtra: Mills to share details of harvesters

Will be shared with health officials; mills to ensure children are inoculated

Punjab: Dhuri sugar mill to be auctioned to pay off dues

Congress candidate Kewal Singh Dhillon had to face protests during a number of his election meetings campaign for Lok Sabha polls by farmers angered by the government’s failure to get pending dues released.

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CBI files FIR on ‘irregularities’ in sugar mill disinvestment in UP

Similarly, for the purchase of mills in Ramkola, Chhitauni and Barabanki, Giriyasho Company Pvt Ltd submitted EOI-cum-RFQ on October 19, 2010, with the company’s balance sheet signed by its directors.

Pune: Centre’s soft loan scheme fails to help mills as cooperative banks can’t extend any more credit

The scheme, announced by the Centre in February, allows the mills to avail of loans at 7-10 per cent interest rate for a year. It is meant to help sugar mills clear their dues to cane growers, which have run into thousands of crores.

Mills ‘selling product at below MSP rates’: sugar commissioner to probe

The focus of the exercise would be on sales deals that took place right after the MSP was raised in the first week of March, Gaikwad told The Indian Express.

Sugar mills protest ‘high’ sales quota, say it will make clearing cane dues difficult

The underlying objective seems to be to force mills to sell more sugar in order to generate extra cash flows to liquidate cane arrears, which, according to the Centre, have reached a level of Rs 20,159 crore as on February 22.

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