Mawana Sugars jumps over 4% on news of availing soft loan

NEW DELHI: Shares of Mawana Sugars jumped over 4 per cent in early trade on Thursday as the company approved the proposal to avail Rs 146 crore soft loan granted by the Uttar Pradesh Co-operative Bank.

The loan will help clear the outstanding dues of the farmers for the crushing season 2017-18 for its units Mawana Sugars Works and Nanglamal Sugar Complex as required by the Uttar Pradesh government.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.


The scrip was trading 4.25 per cent up at Rs 45.40 at around 09.38 am, while the benchmark BSE Sensex was up 0.81 per cent at 36,005.50.

Meanwhile, the shares of Mawana Sugars opened at Rs 45.40 on BSE against its previous closing of Rs 43.55.

Sugar stocks were trading mixed in morning session today.