Sugar manufacturers gain on hopes of easing curbs

NEW DELHI: Government might go ahead with the long-pending decision of sugar decontrol on Thursday. The heavily regulated sector will be eased of the obligation of selling levy sugar to the government for sale to ration shops at cheaper rates.

The move will also dismantle the release mechanism under which the government decides the amount a sugar mill needs to sell in the open market.

In the anticipation of an open market, stocks of sugar companies are gaining on the stock exchange.

India's largest sugar producer Bajaj Hindusthan Ltd gained 1.8%. Shree Renuka Sugars Ltd was up 2.7%, while Kolkata based Balrampur Chini Mills Ltd rose 1.3 per cent during noon at BSE.