Dalmia Bharat Sugar

Dalmia Bharat Sugar and Industries Limited's board approved a US$132 million project to establish a sugarcane plantation and a 3,500 tonnes-crushing-per-day sugar mill with a 20-megawatt cogeneration facility in Tanzania. The project will be executed through Eagle Agrotech Tanzania Limited, a wholly owned subsidiary of the company's majority-owned Eagle Agrotech Holdings Limited. The board also approved an additional equity infusion of up to US$19.70 million into Eagle Agrotech Holdings, supplementing a previously approved US$3 million, to fund the company's 51% share of the project. The total equity commitment now stands at about US$22.70 million. Separately, the board approved the incorporation of a wholly owned subsidiary in the UAE to hold the group's foreign investments. The board also appointed Lokendra Singh Lamba as unit head of the Jawaharpur unit in Uttar Pradesh.

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July 14 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD - APPROVED DEVELOPMENT OF AN INTEGRATED SUGAR PROJECT IN TANZANIA VIA UNIT

• DALMIA BHARAT SUGAR AND INDUSTRIES - PROJECT COST ESTIMATED AT $132 MILLION

Source text: ID:nBSEb6KGx0

Further company coverage: DLMI.NS

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** Shares of major Indian sugar companies fall in morning trading after the government on Wednesday banned sugar exports till September 30, 2026

** Balrampur Chini Mills BACH.NS down 2.2%, Dhampur Sugar Mills DAMS.NS down 6.8%, Triveni Engineering and Industries TREI.NS down 3.8%,

** Dalmia Bharat Sugar DLMI.NS down 3.8%, Shree Renuka Sugars SRES.NS down 2%

** Ban comes as federal government tries to contain domestic prices and manage inflation

** Curbs will not apply to some exports, including those to the EU and U.S. under quota schemes, government-to-government shipments, and consignments already in transit

** YTD, Nifty Commodities Index .NIFTYCOM up 8.4% vs benchmark Nifty 50 Index's .NSEI 10.2% decline

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of Indian sugar manufacturer Dalmia Bharat Sugar and Industries DLMI.NS fall 4.1% to 386.2 rupees

** Co reported fourth-quarter profit down 49.5% y/y; rev down 2.7% y/y

** DAM Capital ("buy", PT 450 rupees) notes fall in operating profit due to increase in cost of production for sugar mills in Uttar Pradesh; dip in distillery volumes by 4%

** DMLI up 28.75% YTD

(Reporting by Abhirami G in Bengaluru)

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May 5 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.04 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.91 BILLION RUPEES

• DIVIDEND 1.5 RUPEES PER SHARE

• RE-APPOINTMENT OF GAUTAM DALMIA AS MANAGING DIRECTOR

Further company coverage: DLMI.NS

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March 5 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• PIYUSH GUPTA RESIGNS AS CFO OF DALMIA BHARAT SUGAR

• APPOINTS SANDEEP GARG AS CFO EFFECTIVE MARCH 05, 2026

Source text: ID:nBSE84bFPp

Further company coverage: DLMI.NS

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** Balrampur Chini Mills BACH.NS, Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Shree Renuka Sugars SRES.NS, Bannari Amman Sugars BANN.NS, Bajaj Hindusthan Sugar BJHN.NS, Dhampur Sugar Mills DAMS.NS, Avadh Sugar AVAD.NS rise between 0.41% and 5.28%

** Indian government plans to allow 1.5 million metric tons of sugar exports, per Reuters report

** Exports meant for 2025-26 season, which began on October 1, with final order expected soon, per government source

** Higher exports expected to reduce domestic surplus resulting from lower diversion for ethanol production, benefitting producers

** YTD, BACH down 14%, DLMI sheds 8.2%, TREI drops 20%, SRES falls 26.5%, BANN eases 0.2%, BJHN loses 30%, AVAD slips 20%

(Reporting by Mridula Kumar)

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** Shares of Dalmia Bharat Sugar And Industries DLMI.NS fall 3.4% to 356 rupees, their lowest since April 9

** The sugar manufacturer posts a near 30% Y/Y decline in June-quarter net PAT, dragged by lower production

** Revenue from operations drops nearly 2% Y/Y

** Trading volume at more than 95,236 shares, 1x 30-day avg

** Stock down 2%, YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 5 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• JUNE-QUARTER NET PAT 383.7 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 9.43 BILLION RUPEES

Source text: ID:nBSEH2D1t

Further company coverage: DLMI.NS

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May 13 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DALMIA BHARAT SUGAR AND INDUSTRIES Q4 NET PAT 2.06 BILLION RUPEES

• DALMIA BHARAT SUGAR AND INDUSTRIES Q4 REVENUE FROM OPERATIONS 10.18 BILLION RUPEES

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD - DIVIDEND 1.5 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: DLMI.NS

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Feb 11 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DIVIDEND OF 4.5 RUPEES PER SHARE

• Q3 CONSOL NET PROFIT 595.1 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 8.41 BILLION RUPEES

Source text: ID:nBSE95RTfH

Further company coverage: DLMI.NS

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** Indian sugar companies gain between 2.4% and 6.6%

** Indian government preparing for final decision on proposed ethanol price increase, ET Now reports citing sources

** Report says price of ethanol made from B-heavy molasses expected to rise by ~2 rupees/litre, while price of ethanol made from sugarcane juice likely to climb 1.50 rupees/litre

** Balrampur Chini Mills BACH.NS, Bajaj Hindusthan Sugar BJHN.NS, Dhampur Sugar Mills DAMS.NS, Dalmia Bharat Sugar and Industries DLMI.NS, E.I.D. - Parry (India) EIDP.NS, Shree Renuka Sugars SRES.NS, Triveni Engineering and Industries TREI.NS up 2.4%, 3.9%, 6.6%, 4.8%, 3%, 4.1% and 2.9%, respectively

** In 2024, BJHN, BACH, TREI, EIDP advanced 9.2%, 29.1%, 32.3%, 60.5%, respectively; SRES lost 16.3%, DLMI fell 12% and DAMS shed 36.3%

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Indian sugar companies jump between 3% and 7%

** ET Now reports citing sources that India is likely to lift restrictions on sugar exports

** India, the world's biggest sugar producer after Brazil, had banned mills from exporting the sweetener from Oct. 1, 2023

** Triveni Industries and Engineering TREI.NS, Shree Renuka Sugars SRES.NS, Dalmia Bharat Sugar DLMI.NS, Bajaj Hindusthan Sugar BJHN.NS and Balrampur Chini Mills BACH.NS jump 3%, 4.5%, 5.5%, 7.0%, and 7.2%, respectively

** In 2024, SRES fell 16%, DLMI was down 12%, while BJHN, BACH and TREI rose 9%, 29% and 32%, respectively

(Reporitng by Nishit Navin)

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Oct 28 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DALMIA BHARAT SUGAR AND INDUSTRIES Q2 CONSOL NET PROFIT 661.8 MILLION RUPEES

• DALMIA BHARAT SUGAR AND INDUSTRIES Q2 CONSOL REVENUE FROM OPERATIONS 9.26 BILLION RUPEES

Source text: [ID:]

Further company coverage: DLMI.NS

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** Shares of Oriana Power OIAN.NS rise as much as 5%, last up 2.9% to 2,226 rupees

** Co's unit got solar power plant development contract from Dalmia Bharat DALB.NS worth 5.2 bln rupees ($61.9 mln)

** DALB stock down 1.7%

** OIAN on track to snap three-day losing run, if trend holds

** Stock up 4.7X YTD vs 3.6X climb in rival Waaree Renewable Technologies WAAE.BO

($1 = 83.9550 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Indian sugar makers down between 2%-3%

** India plans to extend a ban on sugar exports for the second straight year as it grapples with the prospects of lower cane output, government sources told Reuters

** Shree Renuka Sugars SRES.NS down 3%

** Balrampur Chini Mills BACH.NS down 2.6%

** Dalmia Bharat Sugar and Industries DLMI.NS down 2.4%

** Dwarikesh Sugar Industries DWAR.NS down 2.4%

** Triveni Engineering TREI.NS down 3%

** YTD, SRES is up 0.9%, BACH up ~40%, DLMI up 9.5% while DWAR is down 16.1%, TREI up 38%

(Reporting by Ashish Chandra in Bengaluru)

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Adds details, comments from industry officials

By Rajendra Jadhav

MUMBAI, Aug 29 (Reuters) - India will allow sugar mills to use cane juice or syrup to produce ethanol in the new marketing year starting Nov. 1, the government said in a notification on Thursday.

The world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains.

In the new season, distilleries can also use B-heavy molasses, a byproduct with higher sucrose levels, for ethanol production, the government said in the notification.

Around 750,000 metric tons of B-heavy molasses are lying in stock with mills after the government restricted ethanol production from this feedstock last year, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd.

"Now that the restriction is lifted, they can use these stocks," Naiknavare said.

Indian sugar mills such as E.I.D.-Parry EIDP.NS, Balrampur Chini Mills BACH.NS, Shree Renuka SRES.NS, Bajaj Hindusthan BJHN.NS, and Dwarikesh Sugar DWAR.NS have increased their ethanol production capacity in the last few years.

The south Asian country also allowed distilleries to purchase up to 2.3 million metric tons of rice from the state-run Food Corporation of India (FCI) for ethanol production, the government said in a separate notification.

"The permission to utilise FCI rice as a feedstock will enhance ethanol production from dual-feed distilleries," said Vijay Nirani, managing director of TruAlt Bioenergy Ltd.

The two policy changes will not only help increase ethanol blending in gasoline but also help mills and distilleries make timely cane payments to millions of farmers, Nirani said.

India aims to increase ethanol production to blend 20% ethanol into gasoline by 2025-26, from around 13% now.

(Reporting by Rajendra Jadhav; Editing by Kirsten Donovan and Devika Syamnath)

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BENGALURU, Aug 2 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS reported a 10.8% fall in first-quarter profit on Friday, hurt by higher inventory and expenses.

The company, which supplies sugar to companies like Coca-Cola KO.N, Britannia BRIT.NS, Dabur DABU.NS, and Carlsberg CARLb.CO, reported consolidated net profit of 547.3 million rupees ($6.5 million), compared to 613.4 million rupees year ago.

Revenue from operations rose 15.2% to 9.6 billion rupees. However, total expenses rose 19.2% to 9.01 billion rupees.

For further results highlights, click nFWN3JP2T9

KEY CONTEXT

Indian sugar companies have been battling increased inventory costs. While Dalmia Bharat's inventory cost rose more than two-fold in the first quarter, rival Dwarikesh Sugar Industries DWAR.NS and Dhampur Sugar Mills DAMS.NS saw those expenses grow more than five-fold and nearly 10% respectively.

India, the world's largest sugar consumer and second-biggest producer, restricted the use of sugar in ethanol production during the 2023/24 marketing year that ends on Sept. 30 and also prohibited exports to keep a lid on domestic prices, leading to a larger inventory for the companies.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 83.7250 Indian rupees

(Reporting by Ashish Chandra in Bengaluru)

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Repeats July 27 story to reach additional subscribers with no changes to text

By Rajendra Jadhav

MUMBAI, July 27 (Reuters) - India will make a decision on sugar industry calls for a hike in the minimum selling price (MSP) in the coming days, a senior government official said on Saturday, adding that ethanol policies would be set before the start of the next season.

India, the world's largest sugar consumer, restricted the use of sugar in ethanol production during the 2023/24 marketing year that ends on Sept. 30 and also prohibited exports to keep a lid on domestic prices.

"We are discussing the MSP (proposal). In the coming days, we will hopefully take a call," Food Secretary Sanjeev Chopra told reporters during a conference.

The sugar-processing industry has been demanding an increase in the minimum selling price, saying the government has raised the mandatory procurement price of sugarcane in recent years while the MSP has remained unchanged since 2019.

Industry bodies say a higher MSP would enable them to make timely payments to millions of sugarcane farmers in the upcoming season starting on Oct. 1.

Chopra said the production outlook for the next season has improved due to good monsoon rainfall and increased sugarcane acreage, allowing the government to formulate policies for the next year.

The sugarcane area has edged up to 5.77 million hectares (14.3 million acres) from 5.7 million hectares (14.1 million acres) a year ago, farm ministry data showed.

"We should be having very healthy stocks at the end of the present sugar season, which would allow us to have better planning of its diversion in the next year," Chopra said, referring to sugar's use in ethanol production.

India is expected to begin the new marketing year with carryover stocks of 8 million to 8.5 million metric tons, he said.

(Reporting by Rajendra Jadhav;
Editing by Helen Popper)

(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))

By Rajendra Jadhav

MUMBAI, July 27 (Reuters) - India will make a decision on sugar industry calls for a hike in the minimum selling price (MSP) in the coming days, a senior government official said on Saturday, adding that ethanol policies would be set before the start of the next season.

India, the world's largest sugar consumer, restricted the use of sugar in ethanol production during the 2023/24 marketing year that ends on Sept. 30 and also prohibited exports to keep a lid on domestic prices.

"We are discussing the MSP (proposal). In the coming days, we will hopefully take a call," Food Secretary Sanjeev Chopra told reporters during a conference.

The sugar-processing industry has been demanding an increase in the minimum selling price, saying the government has raised the mandatory procurement price of sugarcane in recent years while the MSP has remained unchanged since 2019.

Industry bodies say a higher MSP would enable them to make timely payments to millions of sugarcane farmers in the upcoming season starting on Oct. 1.

Chopra said the production outlook for the next season has improved due to good monsoon rainfall and increased sugarcane acreage, allowing the government to formulate policies for the next year.

The sugarcane area has edged up to 5.77 million hectares (14.3 million acres) from 5.7 million hectares (14.1 million acres) a year ago, farm ministry data showed.

"We should be having very healthy stocks at the end of the present sugar season, which would allow us to have better planning of its diversion in the next year," Chopra said, referring to sugar's use in ethanol production.

India is expected to begin the new marketing year with carryover stocks of 8 million to 8.5 million metric tons, he said.

(Reporting by Rajendra Jadhav;
Editing by Helen Popper)

(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))

** Shares of Indian sugar companies surge on reports govt will increase minimum selling price for the commodity

** Shares of Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Bajaj Hindusthan Sugar BJHN.NS Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS rise between 4% and 14%

** EID Parry EIDP.NS up 2%

** BJHN hits highest since Sept 2011

** Bajaj Hindusthan top gainer among sugar stocks YTD, up 50%, while Dhampur down 1.5% so far this year

(Reporting by Sethuraman NR in Bengaluru)

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May 14 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD - APPROVED SCHEME OF AMALGAMATION OF BAGHAULI SUGAR AND DISTILLERY WITH CO

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD - APPOINTMENT OF PIYUSH GUPTA AS CHIEF FINANCIAL OFFICER

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD - APPOINTMENT OF PANKAJ RASTOGI AS WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE DIRECTOR

Source text for Eikon: ID:nNSE1nsMl

Further company coverage: DLMI.NS

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NEW DELHI, April 24 (Reuters) - India has agreed to allow oil marketing companies to procure ethanol by diverting an extra 800,000 metric tons of sugar for biofuel production, a government source said on Wednesday.

Concerns over sugar production due to below normal monsoon rains between June and September had led the world's second-largest to cap the amount that could be diverted for ethanol in the current season to end-September at 1.7 million metric tons.

But as the supply situation has improved as a result of unseasonal rainfall in Maharashtra and Karnataka, the government has agreed to the diversion of an additional 800,000 tons of sugar for ethanol production, said the senior industry official.

"Many sugar mills produced B-heavy molasses in anticipation of ethanol production. However, these stocks remain unused after the government capped the diversion of sugar for ethanol. Mills can now use stored B-heavy molasses for ethanol production," said the official, who spoke on condition of anonymity.

(Reporting by Mayank Bhardwaj and Rajendra Jadhav; Editing by Alexander Smith)

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March 15 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• COMMERCIAL PRODUCTION UNIT BAGHAULI SUGAR AND DISTILLERYCOMMENCED FROM MARCH 15

Further company coverage: DLMI.NS

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** Shares of Shree Renuka Sugars SRES.NS trims some losses to trade 5.5% lower; down as much as 6.4% at 49.2 rupees earlier in the session

** Co on Friday posted consol net loss of 1.72 bln rupees ($20.7 mln) for Dec-qtr compared with a profit of 143 mln rupees a year earlier

** Its expenses rose 23% y/y, outpacing rev growth of 18%

** Peers K.M. Sugar Mills KMSU.NS, Dwarikesh Sugar Industries DWAR.NS, Triveni Engineering TREI.NS posted fall in Q3 profit, while Dalmia Bharat Sugar DLMI.NS reported a flat profit

** SRES set for worst one-day fall since Dec. 8, when sugar stocks fell after govt's plans to curb ethanol production

** Stock fell ~19% in 2023, after gaining for three consecutive years

($1 = 82.9925 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of sugar maker K.M. Sugar Mills KMSU.NS slide ~6%, their steepest drop since Oct 2023

** Co reported a ~85% plunge in Q3 consol profit; rev from ops fell 39.5%, while input costs swelled ~72%

** Stock had gained 15.5% in past 2 days on heavy vols

** Dalmia Bharat Sugar DLMI.NS, Dwarikesh Sugar DWAR.NS and Dhampur Sugar Mills DAMS.NS also reported Q3 profit fall

** Shares of DWAR and DAMS fell nearly 17% each in Q3, while KMSU and DMLI fell less than 10%

** Over 2.2 mln KMSU shares traded on the day, ~3x the 30-day avg but less than previous two session

(Reporting by Manvi Pant in Bengaluru)

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Feb 2 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• DALMIA BHARAT SUGAR AND INDUSTRIES DEC-QUARTER NET PROFIT 649.2 MILLION RUPEES VERSUS PROFIT 649.1 MILLION RUPEES

• DALMIA BHARAT SUGAR AND INDUSTRIES LTD DEC-QUARTER REVENUE FROM OPERATIONS 5.84 BILLION RUPEES VERSUS 6 BILLION RUPEES

Source text for Eikon: ID:nNSEbJGghF

Further company coverage: DLMI.NS

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Feb 1 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• FILED E-APPEAL AGAINST TAX ORDER WITH EXPECTED FINANCIAL IMPLICATION OF 204.9 MILLION RUPEES

Source text for Eikon: ID:nBSE3MZkrJ

Further company coverage: DLMI.NS

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Dec 29 (Reuters) -

• INDIA'S FUEL RETAILERS HIKE PROCUREMENT PRICE FOR ETHANOL MADE FROM C-HEAVY MOLASSES BY 6.87 RUPEES/LITRE

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Dec 13 (Reuters) - Dalmia Bharat Sugar and Industries Ltd DLMI.NS:

• COMPANY FILED APPEAL AGAINST NCLT ORDER BEFORE NATIONAL COMPANY LAW APPELLATE TRIBUNAL

Source text for Eikon: ID:nBSE4bxH9S

Further company coverage: DLMI.NS

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