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Shares of Sugar companies advanced in trade on Wednesday.
Shree Renuka Sugars Ltd. rose 4.18% in trade on Wednesday after the company’s board announced that they will meet on Jan. 27 to consider and approve change in terms of its non‐convertible debentures.
Whereas, Uttam Sugar Mills Ltd rose 4.18% after the company’s board approved increasing daily capacity of its ethanol distillery in Barkatpur by 100 kilolitres to 250 kilolitres with a capex of Rs 56 crore.
Other sugar stocks like, Dalmia Sugar Ltd., Bajaj Hindusthan Sugars Ltd., Dhampur Sugar Ltd., Avadh Sugar Ltd. also rose by more than 2% in trade.
Source: Bloomberg, Exchange filing
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