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<keyword id="19964206" type="General" weightage="100" keywordseo="sugar-stocks" source="keywords">Sugar stocks</keyword> were in the limelight on Friday, a day after the government permitted the use of <keyword id="21250424" type="General" weightage="20" keywordseo="sugarcane-juice" source="keywords">sugarcane juice</keyword> and <keyword id="22572023" type="General" weightage="20" keywordseo="sugar-syrup" source="keywords">sugar syrup</keyword> for <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> in the 2024-25 ethanol supply year (ESY). Shares of <keyword id="22132945" type="General" weightage="20" keywordseo="Triveni-Engineering" source="keywords">Triveni Engineering</keyword> &amp; Industries jumped 7.62 per cent, <keyword id="20207681" type="General" weightage="20" keywordseo="Dhampur-Sugar" source="keywords">Dhampur Sugar</keyword> Mills rallied 7.55 per cent, <keyword id="22979412" type="General" weightage="20" keywordseo="Avadh-Sugar-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="Avadh Sugar &amp; Energy" meta.hostid="261" meta.entityid="Avadh Sugar &amp; Energy">Avadh Sugar &amp; Energy</keyword> zoomed 7.20 per cent and <keyword id="22979413" type="General" weightage="20" keywordseo="Dalmia-Bharat-Sugar" source="keywords">Dalmia Bharat Sugar</keyword> and Industries surged 5.79 per cent on the BSE. The stock of <keyword id="20682741" type="General" weightage="20" keywordseo="Shree-Renuka-Sugars" source="keywords" meta.keywordsubtype="org" meta.entityname="Shree Renuka Sugars" meta.hostid="261" meta.entityid="Shree Renuka Sugars">Shree Renuka Sugars</keyword> climbed 5.38 per cent, Praj Industries soared 5.33 per cent, Dwarikesh Sugar (3.77 per cent) and Balrampur Chini Mills (3.46 per cent). "This spike followed the government's decision to allow sugar mills to use cane juice or syrup to produce ethanol for the ethanol supply year (ESY) 2024-25," Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox, said. The government on Thursday permitted the use of sugarcane juice and sugar syrup for ethanol production in the 2024-25 ethanol supply year, reversing last year's ban. In December 2023, the government prohibited the use of sugarcane juice or sugar syrup for ethanol production in the 2023-24 ESY (December-November) to ensure adequate sugar availability for domestic consumption and keep prices in check. "Sugar mills and distilleries are allowed to produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses as well as C-Heavy molasses for ESY 2024-25 as per the agreement/allocation with OMCs (oil marketing companies)," the food ministry order said. The Food Ministry and Petroleum and Natural Gas Ministry will periodically review the diversion of sugar for ethanol production vis-a-vis sugar production in the country to ensure year-round availability of sugar for domestic consumption, it added. India is the world's second largest sugar producing country after Brazil.

Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

<ul><li>At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to start lower on Thursday, led by negative cues from the global markets. At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The<a href="https://www.businessinsider.in/stock-market/news/nasdaq-closes-at-record-high-as-investors-digest-fed-action-and-stimulus-talks/articleshow/79769421.cms"> US equities closed mixed on Wednesday</a> as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&amp;P 500 was up 0.18%. These are the stocks to watch out for during the trading session today: Hero MotoCorp The two-wheeler major Hero MotoCorp said it would hike the two-wheeler prices with effect from January 1. The company cited a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the rationale behind the price hike. RIL, Airtel, Vodafone-Idea and other telecom stocks RIL, Airtel, Vodafone-Idea and other telecom stocks will be in focus during the trade today as the union cabinet approved a proposal to auction spectrum worth 4 lakh crore in March 2021. A total of <a href="https://www.businessinsider.in/business/telecom/news/indian-government-to-auction-spectrum-worth-4-lakh-crore-in-march-2021/articleshow/79757930.cms">2,251.25 MHz of spectrum</a> will be auctioned across seven bands. Future Enterprises Future Enterprises on Wednesday reported a consolidated net loss of ₹320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of ₹21.78 crore in the corresponding quarter a year ago. Wipro IT services major Wipro has completed the acquisition of 83.4% equity stake in Chennai-based Encore Theme Technologies. In October, Wipro announced that it had signed a definitive agreement to acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services, for up to ₹95 crore. IndusInd Bank The Private lender IndusInd Bank said the market regulator SEBI had granted a one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over ₹2,695 crore into equity. Computer Age Management Services (CAMS) Computer Age Management Services (CAMS) informed stock-exchanges that it had been considered eligible for selection and a further grant of registration as a Central Record Keeping Agency under the National Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015. IRCTC The government has proposed to offer up to 16 lakh equity shares to the eligible employees of the company at a price of ₹1,377.55 per equity share. Employee OFS will open from December 18 till December 21. Lakshmi Vilas Bank The Lakshmi Vilas Bank (LVB), which was amalgamated with DBS Bank last month has decided to delist its equity shares with effect from December 18. Jubilant FoodWorks Jubilant FoodWorks forays into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion. ‘Ekdum!’ will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages. Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and others Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and other sugar stocks will be in focus during the trade today as the cabinet approved ₹3,500 crore subsidy for sugar farmers and ₹6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/thelife/personalities/news/facebook-ceo-mark-zuckerberg-and-reliance-industries-mukesh-ambani-spoke-but-had-no-chemistry/articleshow/79739547.cms" data-type="tilCustomLink">Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them</a>

Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

<ul><li><keyword id="6354267" type="UNKNOWN" weightage="20" keywordseo="sachin-tendulkar">Sachin Tendulkar</keyword> has invested $2 million in JetSynthesys, a digital entertainment and technology company.</li><li>JetSynthesys which also co-founded of e-sports company, Nodwin Gaming. Apart from Tendulkar, the company is also backed by former Infosys chairman Kris Gopalakrishnan and Adar Poonawalla of the <keyword id="95879" type="ORGANIZATION" weightage="20" keywordseo="Serum-Institute-of-India">Serum Institute of India</keyword> and the family offices of the promoters of Thermax, <keyword id="906497" type="COMPANY" weightage="20" keywordseo="Triveni-Group">Triveni Group</keyword>, <keyword id="11748876" type="UNKNOWN" weightage="20" keywordseo="yohan-poonawalla-group">Yohan Poonawalla Group</keyword> and DSP Group.</li><li>We spoke to <keyword id="25597" type="PERSON" weightage="20" keywordseo="rajan-navani">Rajan Navani</keyword>, Vice Chairman &amp; Managing Director, JetSynthesys,who talks to us about the company’s journey so far, what the funding means for it, and its future strategies to grow further.</li></ul>Former Indian cricketer Sachin Tendulkar has invested $2 million in JetSynthesys, a digital entertainment and technology company. Tendulkar already had a joint venture for a digital destination for cricket, 100MB, and cricket games <keyword id="6046220" type="UNKNOWN" weightage="20" keywordseo="Sachin-Saga-Cricket-Champions">Sachin Saga Cricket Champions</keyword> and Sachin Saga VR. JetSynthesys has a catalogue of over 300 games across HTML, <keyword id="11749527" type="UNKNOWN" weightage="20" keywordseo="java-android-and-ios">Java, Android and iOS</keyword> platforms spanning across multiple segments. In India, the company has created several celebrity games. It is also known for developing mobile games with high fidelity and network play and for its global publishing partnerships with the likes of WWE (WWE Racing Showdown), Square Enix (Ludo Zenith), and Sony (for Hollywood film Passenger). JetSynthesys is also the co-founder of e-sports company, Nodwin Gaming. Apart from Tendulkar, the company is also backed by former Infosys chairman Kris Gopalakrishnan and Adar Poonawalla of the Serum Institute of India. It is also backed by the family offices of the promoters of Thermax, Triveni Group, Yohan Poonawalla Group and DSP Group. We recently caught up with Rajan Navani, Vice Chairman &amp; Managing Director, JetSynthesys,who spoke to us about the company’s journey so far, what the funding means for it, and its future strategies to grow further. Excerpts: Q)You have just secured a fresh round of funding of $2 million from Sachin Tendulkar. What is it about JetSynthesys that has attracted investors from such diverse backgrounds? Investors back two things – executable ideas and people. JetSynthesys has both. Since our inception, we’ve successfully managed to rally a known coterie of names (Adar Poonawalla, Kris Gopalakrishnan, and promoters of Thermax, Triveni Group, Yohan Poonawalla Group and DSP Group) on the power of our vision. We also work hard to bring world class talent to the organization and I’d credit our success to the strength of the workforce. Our investors have seen this potential and the fact that we’ve covered so much ground in such a short span of time as a company is a testament to the dedication we collectively have which further bolsters their belief in us. Over the past five years, Sachin and Jetsynthesys have built products and platforms together keeping gamers at the heart of our strategy. This investment gives him a stake in the overall JetSynthesys story and it’s great to have him as part of this journey as we build a global new age digital entertainment and technology platform. When this association began, the aim was to provide an authentic gaming experience for cricket lovers across the globe; together we are looking to diversify that purview to include more cross category digital products and platforms. Q) What kind of growth have you been witnessing? What have your areas of focus been so far? Our gaming vertical has witnessed maximum growth since inception and the pandemic provided an even sharper upswing than before. JetSynthesys saw growth both in terms of consumption and monetization, and the overall player engagement has had a 40% to 150% boost, depending on the particular game in question. We witnessed a surge of monetization through inventory. The downloads also grew by 100-200% depending on what we had planned and player engagement improved from the previous average of 30-45 minutes a day to 50-55 minutes a day. For JetSynthesys, the plan that we had for the next 18 months got realized in a period of 6 months. Overall, the lockdown has been really good for us. Mindfulness, vernacular music, video content verticals have also seen 40-80% growth. Q)With this latest round of investment, what will your key focus be on to further strengthen your position in the market? Cricket is a celebrated sport that is entrenched within the DNA of Indians. In fact, its popularity and following is mirrored in the cricket skill-based gaming category. It has always been a strong focus area for us, and through this investment, we aim to strengthen our existing catalogue of products and platforms under our gaming vertical. Our capabilities will further build consumer love for brand Sachin and these funds will help us expand our roster of partnerships to other known names as well. Q)India is witnessing a boom in e-gaming. What do you think is the potential? Are we there yet, in terms of our talent pool, if not, where do we lack? For India, the gaming market is a sub-billion in a $170 billion industry. So the catch-up for India is massive. We have 13% of the world’s downloads on mobile and the mobile industry is the fastest growing platform. I look at a CAGR of 40-50% annually. Today, there are more global gaming studios that are using Indian talent and the nation becoming a part of the global supply chain in the gaming industry is another interesting format. We saw gaming go from casual to professional and also identified the early opportunity in<a href="https://twitter.com/hashtag/esports?src=hashtag_click"> esports</a> as a key pillar of the<a href="https://twitter.com/hashtag/gaming?src=hashtag_click"> gaming</a> ecosystem in India when we co-founded Nodwin Gaming. As a category, esports has a bright future. Today, esports gamers have a major impact on gamers’ spending habits with 67% influenced by what influencers eat, 34% by what influencers wear and 18% by listening to music recommended by influencers. It is expected that Indian esports would be playing a key role in the global market by 2023. From the government standpoint, I have had extensive discussions with the commerce as well as the IT ministries. With the respective ministries, we have been vocal about the needs and potential to create livelihoods for young professionals through gaming. I think gaming brings a diverse set of talent pools ranging from engineering and art to animation and visualization. There are tons of pools required as we see this space growing even in terms of advanced technologies like AR or VR. These will all be the key drivers to bring in new types of talent needed for the gaming industry in India and globally. Investing in training infrastructure for this talent pool as well as incentivizing the industry in terms of building more infrastructure in similar lines to what Telangana has been doing – creating technology parks specifically for gaming and animation is required. I am seeing governments both at the state level and national level looking at this opportunity extensively. Being involved with Prime Minister Modi's vision of the new India of 2022, I think I have seen closely how this USD 1 trillion of the new age business economy will be shaping. Soon the government investments and incentives will flourish for the gaming sector, increasing large-scale mobilization of resources. The trillion dollars in that USD 5 trillion global economy will be from gaming and esports. The gaming industry will contribute massively to the global economy soon, hence growing the global pie. Q)What are a few hurdles for the gaming industry in India? With a strong presence beyond Tier I cities, online gaming needs Indian publishers for relevant and localized marketing that keeps diverse players engaged even through changing trends. Moreover, the Indian gaming population is growing but is fragmented, making distribution a challenge. Additionally, although the average revenue per paying user (ARPU) is increasing, it is far behind that of other countries. This has also led to limited institutional capital being deployed so far. The last five years have seen tremendous growth, primarily in casual gaming and real money gaming. With gamers maturing, ARPUs improving through microtransactions, and gaming companies getting exits, the industry is coming of age. The next phase of growth is expected from midcore/hardcore games. Also, while the Covid-19 induced lockdown was a major shot in the arm for the gaming industry, with so much digital action going on, most companies realized that the lack of discovery was becoming the initial challenge. At some point, the ability to grab the attention of a user became a bit more expensive. Even though we have an established gaming studio looking to expand and grow, the talent crunch at the India level is there. There is a dearth of a high-quality talent pool in India. The Indian companies haven't created that much success globally especially in some areas like engineering. We might be good at creatives but when it comes to game design, we lack to deliver deeper products. Being able to build products that can generate several hundred million dollars of revenue a year is still a dream. Another challenge is the significant gap between the way our user is monetised in India and other established global markets. The dependence on a few advertising revenues compared to in-app purchases being higher in countries like India is required. Being a frugal market when it comes to being able to demonstrate value, India still gives high levels of performance. Nobody pushes the price-performance curve as an Indian consumer does, that is what makes us competitive. We can continue to deliver greater performance at a lower price thus becoming super competitive. Hence, I believe in India. We will be able to take new models to the world, take new performance measures, and do at a better price point like has been done in so many other industries. On the upside, the industry today has more opportunities than challenges and our early mover advantage has held us in good stead. One of the things that we have identified in the mobile gaming aspect is the element of ‘disruption’ which we have gone through in these years. This disruption has helped the mobile ecosystem evolve in this state wherein today mobile gaming is the biggest source of revenue generation. When we look at the Indian market, the biggest challenge is monetization. Retention is also another challenge among users, since we identify heavier games as being an issue when it comes to retention amongst gamers. These are the challenges we need to address on our side. New monetization models are evolving in the market. We have to adapt to the new evolution that is happening across in terms of monetization like the Real Money Gaming aspect. Q)Where will JetSynthesys' next phase of growth come from? Not only do we want to be India’s largest digital entertainment and technology company, but we are also pushing ourselves to play the leadership role globally. We understand the role of responsibility in digital, and our goal is to strengthen the trust that we build between JetSynthesys, our consumers, and our gamers. We try to go through all of our products and figure out what is “Gaming for Good” and what is “Digital for Good.” How we can shape and define that in the future is something that excites me. So besides the economic and financial good of the company, building a great company on the right values in an emerging sector, particularly for India, is something that takes greater precedence. Figuring out a way to do this excites us at JetSynthesys and unites us as a team. I am personally looking forward to seeing what the next 5 years hold for us. Also, looking at esports now as entertainment and the new ways of sports entertainment which is emerging- with people watching streamers rather than playing or witnessing the physical sport, is an area that we are very excited about and where we think that we will again strengthen our positioning as we move forward.

With a $2 million funding from Sachin Tendulkar, Rajan Navani of digital entertainment and tech company JetSynthesys shares the roadmap ahead

New Delhi, Shares of Sugar companies tumbled up to 3 per cent in the morning trade on Thursday after the government announced a hike in the minimum price that mills have to pay to sugarcane growers for the 2024-25 season starting October. The scrip of Rana Sugars plunged 3.21 per cent to Rs 25.35 apiece, <keyword id="20682742" type="General" weightage="20" keywordseo="mawana-sugars" source="keywords">Mawana Sugars</keyword> slumped 2.81 per cent to Rs 101.70, Rajshree Sugars &amp; Chemicals tumbled 2.50 per cent to Rs 72.62, <keyword id="20682741" type="General" weightage="20" keywordseo="shree-renuka-sugars" source="keywords">Shree Renuka Sugars</keyword> declined 2.41 per cent to Rs 48.50, KCP Sugar &amp; Industries declined 2.20 per cent to Rs 40.87, and EID Parry (India) slipped 1.57 per cent to Rs 629.20 apiece on the BSE. Also, Dalmia Bharat Sugar and Industries went lower by 1.15 per cent to Rs 403.15 per piece, Balrampur Chinni Mills fell 1.12 per cent to Rs 376.50, <keyword id="20079400" type="General" weightage="20" keywordseo="dhampur-sugar-mills" source="keywords">Dhampur Sugar Mills</keyword> down by 0.96 per cent to Rs 248 and Triveni Engineering and Industries slipped 0.76 per cent to Rs 347.80 apiece on the bourse. In the morning session, the 30-share BSE Sensex benchmark declined 410.20 points or 0.56 per cent to 72,212.89 points. On Wednesday, the central government announced a hike in the Fair and Remunerative Price (<keyword id="20544473" type="General" weightage="20" keywordseo="frp" source="keywords">FRP</keyword>), the minimum rate that mills need to pay to sugarcane growers. The FRP has been increased by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. The decision to increase the FRP was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>. This is the highest FRP for sugarcane announced by the Prime Minister Narendra Modi-led government since coming to power in 2014. This is the second time that the Modi government has increased the FRP by Rs 25 per quintal in one go. "This decision of central government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in sugar sector," an official statement said on Wednesday.

Sugar stocks slip after govt raises fair price to ₹340 per quintal

<ul><li>Sugar producing company stocks have rallied up to 25% in the last one month on excitement of double incentive by the government for producing ethanol.</li><li>The government is taking several steps to boost <keyword id="1992365" type="General" weightage="20" keywordseo="ethanol-production" source="Orion">ethanol production</keyword>, which can be used as an alternative to fuel in car engines and thereby reduce air pollution.</li><li>The government has already addressed auto makers to start manufacturing <keyword id="10975219" type="General" weightage="20" keywordseo="flex-fuel-vehicles" source="Orion">flex fuel vehicles</keyword>, automobiles which can run on ethanol.</li></ul>Most sugar manufacturing companies have witnessed the best year as their share price doubled or even tripled in 2021 led by improving outlook and government measures to support such companies. In the last one year, the government has come out with a slew of measures to encourage sugar mills to produce ethanol. Ethanol is an alcohol-based fuel produced by fermenting the sugarcane juice. Ethanol has been a game changer for the sugar industry In October, 2021, the government announced an incentive to encourage sugar companies to divert excess sugar cane stock in producing ethanol, which can be blended with petrol and used as fuel in vehicles. Besides, this is also a good solution to address the problem of excess sugar production in the country. Stock prices of many sugar companies doubled in 2021. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sugar producing companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in last one month </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bannari Amman Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">25% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Shree Renuka Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">22% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">153% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Uttam Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">21% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Hindustan Sugar </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">17% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">139% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Balrampur Chini Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">16% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">109% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Avadh Sugar &amp; Energy </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">15% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">113% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dhampur Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">81% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dwarikesh Sugar Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">130% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Triveni Engineering and Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">212% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dalmia Bharat Sugar &amp; Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">167% </td></tr></tbody><tbody></tbody></table>Government’s measures to boost ethanol production In an effort to reduce import of petroleum products, the government has been encouraging farmers to produce ethanol that can be blended with petrol and used as a fuel in vehicles. Also, the centre has advised auto makers to manufacture flex fuel vehicles that are capable of running on both ethanol-based fuel and petrol. Maruti Suzuki, Toyota, Honda, BMW and Mercedes have been told to make vehicles that can run on ethanol based fuel, said Union Minister for Road Transport and Highways Nitin Gadkari in an Agro-Vision event in Nagpur this week while encouraging farmers to grow more sugarcane plants. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div>The move is in line with the government’s target to reduce the carbon emissions by one billion tonnes by 2030. Analysts say sugar industry has a long way to go Sugar industry in India is expected to grow by 6-7% in the years 2021-2022 due to growth in exports of sugar and ethanol, said Manoj Dalmia, founder and director, Proficient equities. “Exports taking place from India will rise as Brazil is facing weather changes impacting crops. India is to register exports of around 4-6 million tonnes for (sugar 2022). Government plans 20% ethanol blending by 2025 in petrol, currently it is 10%. This measure will reduce the debt burden on farmers as a result sugar stocks are to grow,” said Dalmia. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/six-reasons-why-indias-central-bank-believes-cryptocurrencies-threaten-financial-stability/articleshow/88588170.cms">Six reasons why India’s central bank believes cryptocurrencies threaten financial stability</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbl-banks-stock-slumped-nearly-10-even-as-rbi-approves-interim-head-for-the-bank/articleshow/88584214.cms">RBL Bank slides back to its lowest in a year despite a new chief and RBI's assurances</a>

Sugar companies witness a sweet rally on ethanol excitement that may continue in 2022 as well

Ahead of <a href="http://www.businessinsider.in/searchresult.cms?query=Narendra+Modi">PM Narendra </a><a href="http://www.businessinsider.in/searchresult.cms?query=Narendra+Modi">Modi</a>’s visit to <a href="http://www.businessinsider.in/searchresult.cms?query=Silicon+Valley+">Silicon Valley</a>, a delegation of five top executives of Indian companies will visit <keyword id="107096" type="COMPANY" weightage="20" keywordseo="Tesla">Tesla</keyword> manufacturing facility in California this week. 
 
As per an Economic Times report, the delegation will interact with the investors and representatives from the US-India Business Council and US Department of Commerce as well as the US Trade representative. 
 
The Confederation of Indian Industry’s CEO Mission will meet in San Francisco. The association has several big names associated with it among with a few are Rajiv Modi, chairman and managing director of Cadila Pharmaceuticals; Rahul Munjal, managing director of Hero Future Energies; Deep Kapuria, chairman of Hi-tech Gears; Rajan Navani, managing director of Jetline Industries Ltd; and Tarun Sawhney, managing director of Triveni Engineering &amp; Industries. 
 The major task of the delegation is to visit the manufacturing facility of Tesla — the maker of battery operated luxury cars. The company which was co-founded by billionaire <keyword id="6355315" type="PERSON" weightage="20" keywordseo="Elon-Musk">Elon Musk</keyword> is all set to start the production work by next year. 
 
With PM Modi’s emphasis on clean energy, the government would be keen to introduce the technology in India. 
 
The facility underwent an upgrade last year, adding significant manufacturing innovation using automation technology to increase production capacity and reduce production time. Modi is expected to visit the facility on September 26-27. 
 
Over their two-day visit, the CII delegation will interact with members of Silicon Valley-based entrepreneurship trade body The Indus Entrepreneurs (TiE) and also meet India's Ambassador to the US, Arun Singh. They will participate in a roundtable with the National Academy of Sciences on 'Manufacturing Innovation'. 
 
Image: thinkstock

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