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)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
