• Vivek Saraogi of Balrampur Chini expect factors, such as better recoveries, government's mandatory export quota, alcohol duty waivers and more power purchase agreements signed, are leading to better business prospects for the sugar industry.
• The company posted an impressive set of earnings in 3QFY16, swinging back into profits, and showed solid operational performance. "Prices have increased from Rs 25.83 per kg last year to about Rs 29.50 now. We expect it to go to Rs 32 by April," Saraogi said. He was confident of the company posting a profit this year.
• In this year’s crushing, the recoveries are much better. The prices have improved from the lower levels owing to the efforts of the state and the central government. People like us have put a lot of money into cane development and there are natural reasons which I could aiding to recovery because of no fog, etc.
• For the year, at least for companies like Balrampur where the interest cost, you see how interest cost has got squeezed. It is not only because, or maybe a quarter-half % cut in the macro environment, but we have had very good sourcing. So, we even got commercial pay by about 8.2 % as a company. And our long-term debt is fairly squeezed. So, I am only saying that as we move ahead, we would look more sustainable.
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