Balrampur Chini Mills is currently trading at Rs. 49.60, up by 0.25 points or 0.51% from its previous closing of Rs. 49.35 on the BSE. The scrip opened at Rs. 49.60 and has touched a high and low of Rs. 50.10 and Rs. 49.25 respectively. So far 19448 shares were traded on the counter.
Shree Renuka Sugars is currently trading at Rs. 28.60, up by 0.30 points or 1.06% from its previous closing of Rs. 28.30 on the BSE. The scrip opened at Rs. 28.95 and has touched a high and low of Rs. 29.25 and Rs. 28.50 respectively. So far 279152 shares were traded on the counter.
EID-Parry (India) is currently trading at Rs. 187.60, up by 0.95 points or 0.51% from its previous closing of Rs. 186.65 on the BSE. The scrip opened at Rs. 188.90 and has touched a high and low of Rs. 191.95 and Rs. 187.10 respectively. So far 7739 shares were traded on the counter.
Sugar producers will now be allowed to apply for a registration certificate (RC) of up to 25,000 tonnes, as per a notification issued by the Commerce Ministry. Further, the time limit for completing the export order will be 60 days as compared to the earlier 30 days.
On May 14, the Directorate General of Foreign Trade (DGFT) had issued a public notice stating that the issue of RC could be for an amount of up to a maximum quota of 10,000 tonnes only. This was opposed by Pawar and Thomas. Now in reconciliation, the limit has been increased to 25,000 tonnes. The application for the second and subsequent RC can be made after exporting at least 50% of the allotted quantity.
Sugar industry in India was so far completely controlled by the government with the government fixing limits on the amount producers could sell in the domestic as well as the international markets. However keeping in view the increase in demand and the pending arrears that the sugar mills need to pay to the farmers, the government had decided to free its exports.
Sugar production has touched 26 million tonnes in 2011-12 as compared to the annual domestic demand of 21.5-22 million tones. India is the second largest producer and the largest consumer of sugar in the world.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 39.65 |
| Bajaj Hindusthan Sug | 31.16 |
| Balrampur Chini Mill | 527.15 |
| Triveni Engg. & Inds | 463.15 |
| Dalmia Bharat Sugar | 368.00 |
| View more.. | |
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