June 6, 2018 / 8:15 AM / 13 days ago

BUZZ-Indian sugar firms gain on govt bailout package

** Shares of sugar producers climb in afternoon trade following report of government approving a bailout package for the sugar sector

** India’s cabinet, at a meeting chaired by Prime Minister Narendra Modi, approved a bailout package for the sector, a government source said on Wednesday, to help struggling mills and cane growers

** E.I.D-Parry (India) Ltd rises as much as 7.5 pct to 234.7 rupees, while DCM Shriram Ltd climbs nearly 5 pct

** Ugar Sugar Works Ltd gains as much as 6.4 pct to 16.5 rupees

** K M Sugar Mills Ltd gains over 4 pct, while Bajaj Hindusthan Sugar Ltd rises nearly 6 pct

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