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Sugar stocks declined up to 6% in early trade on October 19 after the government directed oil marketing companies to stop procuring ethanol produced from diverted sugar for the 2026/27 supply year. The latest ethanol tender excludes supplies made from sugarcane juice, sugar syrup, and B-heavy molasses, limiting the industry's ability to divert sugar towards ethanol production.
Shares of Balrampur Chini Mills, EID Parry, Triveni Engineering, Bajaj Hindusthan Sugar, Shree Renuka Sugars, and Dhampur Sugar fell between 2% and 6% in morning trade.
The move restricts companies' flexibility to switch between sugar and ethanol production based on market conditions, which could pressure margins and reduce returns on ethanol-related investments. The government's decision is aimed at boosting domestic sugar availability and helping ease elevated sugar prices in the country.
GPT Infraprojects: Its wholly owned subsidiary, Alcon Builders and Engineers, secured a Rs. 134.11 crore order (including GST) from Western Railway for railway signalling works, including automatic block signalling and electronic interlocking across multiple sections in the Ratlam Division. The project is to be completed within 548 days from the appointed date.
19 Oct 2026, 1:07PMSugar shares decline on fears of lower ethanol-related profitability
19 Oct 2026, 12:26PML&T wins order for Power Transmission & Distribution Business in Saudi Arabia
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27-10-2025 12:42:39Refex Industries gets an order worth Rs. 300 Cr from a mining entity in Jharkhand
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