India's U.P. to private 24 sugar mills by October
MUMBAI, June 29 (Reuters) - India's northern state of Uttar Pradesh is planning to privatise 24 economically unviable sugar mills before the new crushing season starts in October 2009, a senior state government official said on Monday.
"The mills are economically-unviable since their crushing capacity is low... Private players may be in a better position to invest in raising their capacities," A.K. Sinha, registrar, state cooperative sugar mills societies, told Reuters in Hindi.
The state is the second biggest sugar producer after Maharashtra.
The state has presence of private sugar players including Bajaj Hindusthan Ltd (BJHN.BO: Quote, Profile, Research), Oudh Sugar (OUDH.BO: Quote, Profile, Research), Dwarikesh Sugar (DWAR.BO: Quote, Profile, Research), Upper Ganges Sugar & Industries Ltd (UGSI.BO: Quote, Profile, Research), Dhampur Sugar Mills Ltd (DAMS.BO: Quote, Profile, Research). (Reporting by Abhishek Shanker & Rajendra Jadhav; Editing by Prem Udayabhanu)
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