Finally it happened.
But what is equally bad is the draft Sugar (Control) Order, 2024. It looks like bureaucrats (babus) are going to run the sugar industry henceforth – from sugar, ethanol and everything… instead of freeing the sector they are bringing more control… its bad for long term.
I maintain that stay investors should stay away from any sugar company going for expansion. Only those focusing on existing capacity – increasing efficiency, recovery, etc will do well. Balrampur is perfect example.
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