Kesar Enterprises suspends operations of all sugar units in Uttar Pradesh

21 Nov 2013 Evaluate

Kesar Enterprises is unable to commence crushing operations during the Sugar Season 2013-14 at the Sugar Mill of the company situated at Baheri in state of Uttar Pradesh. The company has taken this step due to unilateral directions by the Uttar Pradesh Government Authorities to the Sugar Mills for commencing the crushing operation without announcing / fixing a viable and affordable State Advised Price (SAP) as sugarcane price for Sugar Season 2013-14 and to avoid incurring operating losses as also to prevent facing consequential financial difficulties.

Besides, the company has written to the concerned Authorities of the UP Government for suspension of operations of the sugar mill of the company during the Sugar Season 2013-14, till a viable and affordable sugarcane price in accordance with the recommendations of the Rangarajan Committee Report is announced by the UP Government.

Kesar Enterprises has evolved into one of the leading industrial houses in Uttar Pradesh, North India. It is engaged in the manufacture, marketing & sale of a wide-range of products, that can be broadly divided into Sugar, Bio-Products & Chemicals and Distribution & Storage of Bulk Liquid Cargo at Kandla & port related activities.

Kesar Enterprises Share Price

137.00 -2.75 (-1.97%)
23-Dec-2024 09:34 View Price Chart
Peers
Company Name CMP
Shree Renuka Sugar 39.52
Bajaj Hindusthan Sug 30.83
Balrampur Chini Mill 530.00
Triveni Engg. & Inds 452.05
Dalmia Bharat Sugar 367.05
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