Sugar shares surge after cabinet approves Rs 6,000 crore loan sop

June 10, 2015 12:38

Cabinet approves Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers. Shares of sugar companies surged on Wednesday thereafter.

The Cabinet at a meeting on Wednesday, approved a Rs 6,000 crore interest-free loan to sugar mills for making payments to cane farmers.

Shares of Shree Renuka Sugars, Bajaj Hindusthan, Sakthi Sugars and Oudh Sugar Mills surged between 12-14 per cent. Other major gainers included Balrampur Chini Mills, Dhampur Sugar Mills And Eid Parry (India) Ltd, which rose between 6-8 per cent.

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