SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sugar stocks trade higher on the bourses

06 Nov 2019 Evaluate

Sugar stocks were trading higher as central government declares no green clearance required to produce additional ethanol from B-heavy molasses

Dhampur Sugar Mills is currently trading at Rs. 214.70, up by 4.95 points or 2.36% from its previous closing of Rs. 209.75 on the BSE. The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 223.05 and Rs. 213.70 respectively. So far 45436 shares were traded on the counter.

Bajaj Hindusthan Sugar is currently trading at Rs. 7.02, up by 0.33 points or 4.93% from its previous closing of Rs. 6.69 on the BSE. The scrip opened at Rs. 6.95 and has touched a high and low of Rs. 7.02 and Rs. 6.86 respectively. So far 168617 shares were traded on the counter.

Avadh Sugar & Energy is currently trading at Rs. 310.70, up by 12.40 points or 4.16% from its previous closing of Rs. 298.30 on the BSE. The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 314.10 and Rs. 305.00 respectively. So far 9966 shares were traded on the counter.

In yet another major decision for the benefit of farmers and the cash-strapped sugar mills, the central government has declared that no separate environment clearance is required to produce additional ethanol from B-heavy molasses as it does not add to the pollution load. Sugar mills and farmers have been at loggerheads because of non-payment of dues to the latter. The mill owners have maintained that due to excess production of sugar and fall in the price, even they had not been getting their dues.

As of June 2019, the mills owed nearly Rs 20,000 crore to farmers across the country. With a smooth obstacle-free production of additional ethanol, the crisis may ease. The environment ministry said with the incentives, sugar mills are expected to undertake production of ethanol from B-heavy molasses and other by-produces or products. It also said this shall result in incidental increase in the production of ethanol without any increase in the total pollution load in the existing distilleries or sugar mills to which environmental clearances have already been granted.

Ministry further said to obviate the need for undertaking fresh environment impact assessment (EIA) or public consultation in all such cases of increase in production capacity, the government has given a clarification relating to the issuance of environmental clearance in order to facilitate the sugar mills to undertake additional production of ethanol from B-heavy Molasses in place of using C-heavy Molasses without any increase in the total pollution load. As per the ministry, it has been clarified that all such proposals to undertake additional ethanol production from B-heavy molasses/sugarcane juice/sugar syrup/sugar may be considered under the provisions of the EIA notification, 2006, by the expert appraisal committee for granting environmental clearance.

Dhampur Sugar Mills Share Price

142.15 0.65 (0.46%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×