Balrampur Chini

Sugar stocks fell sharply on Wednesday, a day after the Government imposed restrictions on sugar exports from June 1 to increase availability

The government has advanced the ethanol blending programme by two years to 2023 in an attempt to reduce India's dependence on oil imports

The National Green Tribunal has imposed an environment compensation (EC) of Rs 25 lakh on one of the country's largest sugar firms for extracting groundwater without permission and polluting the environment in Uttar Pradesh.

At day's low, the Sensex fell nearly 300 points while the broader Nifty index broke 7,900 on the downside.

Balrampur Chini has 11 sugar factories in Uttar Pradesh, having an aggregate crushing capacity of 79,000 tonnes per day. It has three distilleries.

Total income rose to Rs 941.3 crore in the second quarter of this fiscal from Rs 555.8 crore in the corresponding period of the previous year.

TS Harihar has a buy call on Equitas Holdings for target price of Rs 225.

The duty will help restrict sugar exports, which had gained pace, following a sharp rise in global prices. With imposition of export duty, sugar exports will be unviable and is likely to restrict exports, government officials said.

Sugar firm Balrampur Chini Mills Ltd on Friday reported a 30 per cent rise in standalone net profit at Rs 98.78 crore for the March quarter, on better realization from sale of the sweetener. Its net profit stood at Rs 75.82 crore in the year-ago period, Balrampur Chini said in a regulatory filing.

Ruchit Jain, equity technical analyst with Angel Broking, expects the Nifty to test 7,490 in trades on Friday. Markets are in a corrective mode after the spectacular rally seen last month, he said. The Nifty has first support near 7,490 and then at 7,420 and investors should take long positions around 7,420, Mr Jain added.

Balrampur Chini Mills, the country's second-largest sugar firm, on Monday reported a standalone net profit of Rs 87.80 crore for the quarter ended December 31, on account of lower expenses and financial costs.

The company had posted net loss of Rs 63.9 crore in the July-September period of last fiscal, 2014-15.

The price fixed by the government is much higher than the price of Rs 29 per litre, which oil companies presently pay to buy sugarcane extracts.

Last month, the Cabinet Committee on Economic Affairs had decided to implement the mixing of five per cent ethanol in petrol, a step which will help the country save around 100 crore litres of fuel every year.

Sugar firm Balrampur Chini Mills on Friday said its standalone net loss for the second quarter of the ongoing fiscal year (2014-15) has narrowed to Rs 63.90 crore on account of higher income.

Sugar stocks fell sharply on Wednesday, a day after the Government imposed restrictions on sugar exports from June 1 to increase availability

The government has advanced the ethanol blending programme by two years to 2023 in an attempt to reduce India's dependence on oil imports

The National Green Tribunal has imposed an environment compensation (EC) of Rs 25 lakh on one of the country's largest sugar firms for extracting groundwater without permission and polluting the environment in Uttar Pradesh.

At day's low, the Sensex fell nearly 300 points while the broader Nifty index broke 7,900 on the downside.

Balrampur Chini has 11 sugar factories in Uttar Pradesh, having an aggregate crushing capacity of 79,000 tonnes per day. It has three distilleries.

Total income rose to Rs 941.3 crore in the second quarter of this fiscal from Rs 555.8 crore in the corresponding period of the previous year.

TS Harihar has a buy call on Equitas Holdings for target price of Rs 225.

The duty will help restrict sugar exports, which had gained pace, following a sharp rise in global prices. With imposition of export duty, sugar exports will be unviable and is likely to restrict exports, government officials said.

Sugar firm Balrampur Chini Mills Ltd on Friday reported a 30 per cent rise in standalone net profit at Rs 98.78 crore for the March quarter, on better realization from sale of the sweetener. Its net profit stood at Rs 75.82 crore in the year-ago period, Balrampur Chini said in a regulatory filing.

Ruchit Jain, equity technical analyst with Angel Broking, expects the Nifty to test 7,490 in trades on Friday. Markets are in a corrective mode after the spectacular rally seen last month, he said. The Nifty has first support near 7,490 and then at 7,420 and investors should take long positions around 7,420, Mr Jain added.

Balrampur Chini Mills, the country's second-largest sugar firm, on Monday reported a standalone net profit of Rs 87.80 crore for the quarter ended December 31, on account of lower expenses and financial costs.

The company had posted net loss of Rs 63.9 crore in the July-September period of last fiscal, 2014-15.

The price fixed by the government is much higher than the price of Rs 29 per litre, which oil companies presently pay to buy sugarcane extracts.

Last month, the Cabinet Committee on Economic Affairs had decided to implement the mixing of five per cent ethanol in petrol, a step which will help the country save around 100 crore litres of fuel every year.

Sugar firm Balrampur Chini Mills on Friday said its standalone net loss for the second quarter of the ongoing fiscal year (2014-15) has narrowed to Rs 63.90 crore on account of higher income.