Cabinet Approves 6,000 Crore Interest-Free Loan To Sugar Mills

By siliconindia | Wednesday, 10 June 2015, 10:43 Hrs

NEW DELHI: The Union Cabinet approved 6,000 crore interest-free loan to sugar mills for making payments to sugarcane farmers.

Shares of Indian sugar firms rose over reports of government's decision to provide interest-free loans to sugar mills struggling to pay cane dues to farmers because of weak demand.

Stocks of companies such as Bajaj Hindusthan Sugar Ltd , Sree Renuka Sugars Ltd, Dhampur Sugar Mills Ltd, Andhra Sugars Ltd, Mawana Sugar and Balrampur Chini Mills Ltd rose in the range of 6 to 13 percent.

Source: IANS