Sugar Sector Q4 Earning Preview - Prefer Balrampur Chini Within The Cohort: Dolat Capital
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Dolat Capital Report
Government of India has received 350 loan applications for setting up, expansion of Ethanol distilleries out of which it has only sanctioned 60-70 projects.
State Bank of India has initiated new standard operating procedures for providing assistance to sugar mills seeking loans for setting up new distilleries.
The high food inflation seen during the last six months could have been one of the reason for postponement of minimum support price hike.
However, with food inflation now under control the MSP price increase is expected to take place post elections.
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