Kanpur: National Sugar Institute (NSI), Kanpur has signed a memorandum of understanding (MoU) with the Indonesian Institute, Politeknik Perkebunan LPP, situated in Yogyakarta, Indonesia. NSI director Prof Narendra Mohan exchanged the MoU with H.E. (Mrs) Ina Krisnamurthi, Ambassador of Indonesia in India in the presence of foreign ministers of the two countries. The MoU was…
At present, the biggest concern for India’s sugar industry is the sudden decision of the Union government to put brakes on export. Aditya Jhunjhunwala, president of Indian Sugar Mills Association (ISMA) — the private millers association — said such knee-jerk reactions can not only queer Indian sugar industry’s pitch in the international market, but also…
Not only has the Indian sugar industry helped the country save Rs41,000 crore worth of foreign exchange through ethanol production, Maharashtra’s share in it is 30% according to the state sugar commissionerate which released the annual data in Pune on Wednesday, June 15, the same day that the state’s sugarcane crushing season for 2021-22 drew…
Lucknow, June 15 (IANS) Uttar Pradesh is all set to emerge as a hub of distilleries, with as many as 13 new distillery plants being set up with an investment of Rs 20,000 crore. The state government has been making sustained efforts for reforming the field of excise through various policies and making it free…
In view of the expected surge in sugar production in the coming 2022-23 season that starts in October, sugar mills have urged the Centre to revisit its ongoing export policy and allow exports of about 8 million tonnes of the sweetener under Open General License (OGL) to maintain stable domestic market conditions. According to sources,…
Sugar exports from India, the world’s largest producer and second biggest exporter of the sweetener, touched a record 8.6 million tonne till May of the ongoing 2021-22 marketing year ending September, said the latest data released by industry body ISMA on Wednesday. The country had exported total 7 million tonne of sugar in the 2020-21…
India’s sugar production and exports for the 2022-23 season starting October are set to decline on likely higher diversion of sugarcane to ethanol production. The Foreign Agriculture Service, US Department of Agriculture (USDA), in its latest report, has forecast the country’s sugar production at 35.8 million tonnes (mt) for 2022-23 against 36.88 mt in the…
Triveni Engineering & Industries reported 28.4% rise in consolidated net profit to Rs 109.17 crore on a 7.8% fall in net revenue from operations to Rs 1,070.03 crore in Q4 FY22 over Q4 FY21. EBITDA improved by 1.7% to Rs 177.66 crore in Q4 FY22 from Rs 174.72 crore in Q4 FY21. EBITDA margin in…
Kolkata: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) posted a profit after tax (PAT) of Rs 51 crores for the quarter ended March 31, 2022. The company’s PAT for FY22 stood at Rs 124 crores, up 59 percent YoY. Its total income stood at Rs 760 crores for the quarter under…
Country’s first ever green field grain based ethanol plant inaugurated in Bihar Patna, April 30 (UNI) Bihar Chief Minister Nitish Kumar on Saturday inaugurated the first evergreen field grain based ethanol plant of the country in Purnea district. After inaugurating the plant set up at an expenditure of Rs 105 crore by Eastern India biofuels…