• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Aarati Krishnan

The proposals in the Interim Budget, requiring banks to work out debt restructuring packages for sugar companies, may directly benefit Dhampur Sugars Mills and Dharani Sugars. The profitability of both these companies has been under stress due to a high debt burden, and they have been negotiating debt-structuring packages with their lenders for some time now. Indications that the government will announce a "revitalisation" package for the sector, at a later date, suggest that sugar producers with stronger balance-sheets, such as Balrampur Chini Mills, Bajaj Hindustan, Bannari Amman Sugars and Rajshree Sugars can also look forward to an easier policy environment, going forward. With the sector already on the path to decontrol, these could take the form of further relaxations in the levy quota. Or, there could be fresh incentives for liquidating surplus stocks through exports or forward integration projects in alcohol or power cogeneration.

More Stories on : Budget | Sugar

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
No surprises

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line