Shares of sugar companies have fallen by upto 12% from their respective intra-day highs on the BSE after the Cabinet on Wednesday approved Rs 85 billion bailout package for the sugar industry.
The package includes Rs 45 billion soft loans for building ethanol production capacity and creating a 3 million tonne stockpile to soak up excess supply, the PTI report suggested.CLICK HERE TO READ FULL REPORT
A bailout package has been worked out as sugar mills' financial health has worsened due to sharp fall in prices following a record sugar production of over 31.6 million tonnes so far in the 2017-18 marketing year (October-September).
| COMPANY | DAY'S HIGH(RS) | DAY'S LOW(RS) | FALL(%) |
| 43.00 | 37.70 | -11.63 | |
| 75.40 | 66.40 | -10.08 | |
| 25.50 | 22.40 | -9.80 | |
| 107.45 | 98.40 | -7.63 | |
| 1.85 | 1.72 | -7.03 | |
| 93.80 | 86.60 | -6.24 | |
| 10.60 | 10.00 | -5.66 | |
| 16.45 | 15.40 | -5.47 | |
| 375.00 | 339.10 | -5.35 | |
| 7.45 | 7.02 | -5.23 | |
| 39.55 | 36.80 | -4.80 | |
| 44.75 | 41.10 | -4.80 | |
| 16.80 | 14.25 | -4.76 | |
| 64.80 | 61.00 | -4.63 | |
| 83.25 | 79.00 | -4.38 | |
| 4.33 | 4.15 | -4.16 | |
| 15.25 | 14.60 | -3.61 | |
| 21.20 | 20.35 | -3.54 | |
| 234.55 | 217.50 | -3.41 | |
| 167.00 | 160.00 | -2.90 |