Triveni Engg. & Inds

** Shares of Indian sugar producers fall as India government reduces sugar stock holding limits for dealers to 2,000 quintals, from 4,000 quintals earlier, effective from September 15 until November 30

** Triveni Engineering and Industries TREI.NS leads the pack; shares 5.5% lower

** Shree Renuka Sugars SRES.NS down 2.9%, Dhampur Sugar Mills DAMS.NS falls 3.1% and Balrampur Chini Mills BACH.NS loses 3.7%

** Bannari Amman Sugars BANN.NS down 2.1%, Bajaj Hindusthan Sugar BJHN.NS down 3% and Avadh Sugar & Energy AVAD.NS falls 4.2%

(Reporting by Mridula Kumar in Bengaluru)

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By Vivek Kumar M

Aug 24 (Reuters) - A weak monsoon and strong export demand lifted shares of Indian rice exporters on Monday, as they joined a rally in sugar stocks from last week, with investors betting that tighter supply will lift prices and bolster earnings ahead of the festive season.

The rally underscores how the uneven rainy season is reshaping the outlook for India's key agricultural outputs, even as investors weigh how much of the good news is already priced in.

Indian rice export prices climbed to their highest level in a year last week on improved demand from African buyers and concerns over the new-season harvest due to below-normal monsoon rainfall.

Sugar futures on the Intercontinental Exchange also headed back towards the prior session's more than one-year peaks.

Shares of rice exporting companies KRBL KRBL.NS, LT Foods LTOL.NS and Chaman Lal Setia Exports CLSE.NS jumped between 8% and 9% on Monday.

Major sugar companies such as Shree Renuka Sugars SRES.NS, EID-Parry EIDP.NS, and Bajaj Hindusthan Sugar BJHN.NS soared 5% to 10%, extending last week's bumper gains. Shares of these companies have jumped as much as 51.5% this month.

The sugar rally reflects a genuine supply squeeze rather than sentiment alone, said Ponmudi R, CEO of Enrich Money.

The current sugar shortage is substantially linked to damage from excessive rainfall in the previous crop, while the current weak monsoon is an additional risk to the next crop.

A Barclays Research note showed that all-India season-to-date rainfall was 13% below the long-period average, as of August 23.

But the price outlook remains uncertain. While rice exporters may benefit from firmer overseas prices, sugar mills face the prospect that India's new duty-free raw-sugar imports will ease domestic shortages and cap local prices.

Ponmudi remains "cautiously positive" on rice exporters, but said further gains will depend on export volumes, currency moves and earnings upgrades, not just higher commodity prices.

(Reporting by Vivek Kumar M; Editing by Rashmi Aich)

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** Sugar stocks jump after India ordered inventory restrictions on bulk consumers

** Sugar prices have jumped 10% over past month to a record high and expected to remain elevated for at least the next three months as festive demand ‌gathers pace

** Balrampur Chini Mills BACH.NS shares rise 12.5% to record high of 732.05 rupees

** Bannari Amman Sugars BANN.NS up 11%, Bajaj Hindusthan Sugar BJHN.NS rises 10%

** Shree Renuka Sugars SRES.NS, Avadh Sugar & Energy AVAD.NS, Triveni Engineering and Industries TREI.NS and Dhampur Sugar Mills DAMS.NS up between 6.2% and 7.5%

** EID Parry EIDP.NS 1.8% higher

(Reporting by Mridula Kumar in Bengaluru)

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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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** 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 Triveni Engineering & Industries TREI.NS fall 6.5% to 343 rupees, lowest since April 7

** Stock logs steepest intraday percentage loss since December 30, 2024

** Food processing co posts a 86% Y/Y decline in June-qtr profit to 44.1 mln rupees ($505,316.71)

** Revenue from operations, however, rises 27.4% Y/Y

** Stock trading at 3.7x their 30-day avg volume; busiest day since May 28

** TREI rated "buy" by 4 analysts on average; median target price is 527.5 rupees – data compiled by LSEG

** Stock down 24% YTD

($1 = 87.2720 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Triveni Engineering and Industries Ltd TREI.NS rise as much as 10.3% to 468.1 rupees

** Co reported a 13.6% y/y rise in Q4 consol net profit to 1.83 bln rupees ($21.4 mln); rev grew 24.4% y/y

** Sugar and allied businesses rev, which makes up most of the rev, grew 21.7%

** Stock on track to rise for 3rd straight month; gained 3.7% so far in May

** More than 2.9 mln shares traded as of 9:48 a.m. IST, 8.1x their 30-day moving avg

** TREI last up 9.3%

($1 = 85.6125 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES LTD - EXPLOSION REPORTED AT TRIVENI'S CO2 PLANT

• TRIVENI ENGINEERING AND INDUSTRIES LTD - NO LOSS OF LIFE OR CASUALTIES REPORTED

• TRIVENI ENGINEERING AND INDUSTRIES LTD - BUSINESS OPERATIONS NOT AFFECTED

Source text: ID:nBSE10dhsl

Further company coverage: TREI.NS

** Triveni Engineering and Industries TREI.NS up 3% to 391.2 rupees

** Co signs MoU with Rolls-Royce RR.L for 4MW marine gas turbine generators

** No financial details have been shared

** Stock set to snap five straight weeks of losses

** TREI gained 32.3% in 2024, rising for six straight years

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 4 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES LTD DEC-QUARTER CONSOL NET PROFIT 481.2 MILLION RUPEES

• TRIVENI ENGINEERING AND INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 16 BILLION RUPEES

• TRIVENI ENGINEERING AND INDUSTRIES LTD - REAPPOINTS DHRUV M. SAWHNEY AS MANAGING DIRECTOR

Source text: ID:nNSE5NlPQw

Further company coverage: TREI.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)

(([email protected] (+91 7982114624))

** 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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Dec 10 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES-APPROVES SCHEME OF ARRANGEMENT AMONGST CO, SIR SHADI LAL ENTERPRISES

• FOR EVERY 137 SHARES OF SIR SHADI LAL SHAREHOLDERS TO GET 100 SHARES OF CO

Source text: ID:nBSE6YsP7f

Further company coverage: TREI.NS

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** Shares of Triveni Engineering and Industries TREI.NS fall 2.3% to 407.5 rupees

** Food processing co posted a consol net loss of 192 mln rupees ($2.3 mln) vs a profit of 291.1 mln rupees a year ago

** Q2 revenue from ops up 8% Y/Y, expenses rose ~13%

** Co says profitability from sugar business remains subdued as there were no manufacturing operations during quarter

** More than 871,000 shares change hands, 1.4x its 30-day avg

** Stock up 19% so far this year

($1 = 84.2375 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 5 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES LTD SEPT-QUARTER CONSOL NET LOSS 192 MILLION RUPEES

• TRIVENI ENGINEERING AND INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.48 BILLION RUPEES

• TRIVENI ENGINEERING -CAPEX OF 200 MILLION RUPEES FOR ENHANCEMENT OF LIQUOR BIZ PRODUCTION CAPACITY

Source text: ID:nBSE3sCfjN

Further company coverage: TREI.NS

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Oct 22 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• LAUNCHES PREMIUM AND SUPER PREMIUM WHISKY BRANDS

Source text for Eikon: ID:nBSE6gjQby

Further company coverage: TREI.NS

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July 16 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES - IMFL BUSINESS STARTED COMMERCIAL OPERATIONS

Source text for Eikon: ID:nBSE4MMTNP

Further company coverage: TREI.NS

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June 20 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES LTD - APPROVED ACQUISITION OF 36.34% STAKE IN SIR SHADI LAL ENTERPRISES

• TRIVENI ENGINEERING AND INDUSTRIES LTD - DEAL FOR 448.3 MILLION RUPEES

Source text for Eikon: ID:nBSE7Nk4RG

Further company coverage: TREI.NS

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** 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)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Triveni Engineering and Industries TREI.NS fall as much as 4.1% before trimming some losses, last down 3.3% at 353.55 rupees

** Stock on track to post biggest one-day pct decline since early March

** The company which makes sugar, power and defence equipments and water treatment solutions said its March-qtr consol profit and rev from ops fell about 15% each

** Including session's gains, stock up 3.1% YTD, while peers K.M. Sugar Mills KMSU.NS ~19% higher, Dhampur Sugar Mills DAMS.NS down 11%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

May 20 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• TRIVENI ENGINEERING AND INDUSTRIES LTD - DIVIDEND 1.25 RUPEES PER SHARE

• TRIVENI ENGINEERING AND INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 1.61 BILLION RUPEES VERSUS PROFIT 1.9 BILLION RUPEES

• TRIVENI ENGINEERING AND INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 15.48 BILLION RUPEES VERSUS 18.18 BILLION RUPEES

Source text for Eikon: ID:nBSEc5SSp4

Further company coverage: TREI.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)

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

By Rajendra Jadhav

MUMBAI, April 23 (Reuters) - India's sugar consumption this year is poised to hit a record high as demand during the peak summer season gets a boost from heat waves and the mobilisation of millions for elections in the scorching temperatures.

Higher consumption would lift local prices and boost margins of sugar producers such as Balrampur Chini BACH.NS, Shree Renuka Sugars SRES.NS, Bajaj Hindusthan BJHN.NS, and Dwarikesh Sugar DWAR.NS and help them in making cane payments on time to farmers.

Consumption of cold drinks and ice cream, and as a result demand for sugar, rises in India during the summer months roughly from mid-March to mid-June.

But this year demand is above average as heat waves and election rallies boost consumption of ice-cream and soft drinks, said Avantika Saraogi, executive director at Balrampur Chini Mills.

Maximum temperatures in many parts of India have risen above 40 degrees Celsius, and the weather department has forecasted that the country is likely to experience more heat-wave days than normal between April and June.

During the harsh summer, India is hosting the world's largest election, in which nearly a billion people will be eligible to vote.

Political parties hold huge rallies, some attended by as many as 200,000 people, undeterred by the sweltering heat, which only intensifies as the campaign picks up pace.

Earlier this week, following an energetic election rally at Pune in the scorching afternoon sun, dedicated workers of a political party flocked to a nearby restaurant to quench their thirst with refreshing soft drinks.

"It's sweltering out there. We need something icy to keep us going in this heat," said Mahesh Pawar, one of the workers.

"We're grateful to our leader for providing us with these refreshing beverages to keep our spirits high."

SWEET SUMMER

India's sugar consumption in during April-June could rise to 7.5 million tons, up 5% from a year ago, said a Mumbai-based dealer with a global trade house.

This year's unusual rise in consumption is temporary, with demand growth returning to a normal pace next year, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd.

"But right now the industry is experiencing an unusual boost in demand. This is expected to lift total consumption this year to a record 29 million metric tons," Naiknavare said.

India's sugar consumption in the 2022/23 marketing year, which ended on Sept. 30, stood at 27.85 million tons.

Higher demand has already begun lifting sugar prices, which have risen nearly 3% in a fortnight.

The government has allocated a higher quota for April compared to last year, but prices are still rising due to robust demand from bulk consumers, said Ashok Jain, president of the Bombay Sugar Merchants Association.

(Reporting by Rajendra Jadhav; editing by David Evans)

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

** 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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Jan 30 (Reuters) - Triveni Engineering and Industries Ltd TREI.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.37 BILLION RUPEES VERSUS PROFIT 1.47 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 15.54 BILLION RUPEES VERSUS 16.59 BILLION RUPEES

• INTERIM DIVIDEND 2.25 RUPEES PER SHARE

• SPECIAL DIVIDEND 2.25 RUPEES PER SHARE

Source text for Eikon: ID:nBSEbdMWjz

Further company coverage: TREI.NS

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** Shares of Indian sugar companies rise between 1% and 3% after Reuters reported India's state fuel retailers raised procurement prices for ethanol

** Move aimed at boosting production of ethanol, which is used for blending with petrol

** Shares of Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Bajaj Hindusthan Sugar BJHN.NS Dhampur Sugar Mills DAMS.NS rise between 1% and 3%

** Balrampur Chini Mills BACH.NS gain 3%

** Meanwhile, refiners were down, with Bharat Petroleum Corp BPCL.NS, Indian Oil IOC.NS and Hindustan Petroleum Corp HPCL.NS falling between 3%-4%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Indian sugar cos' shares rise after govt says it plans to allow sugar mills to divert up to 1.7 mln metric tons of sugar for ethanol production

** Shares of Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS, Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS and Dhampur Sugar DAMS.NS up 3.5%-6.5%

** EID Parry and Balrampur Chini Mills are top gainers among the six sugar companies, up 3.5% and 5.3% each

** Dwarikesh Sugar and Dhampur Sugar are top pct gainers, rising 6% and 6.5%, respectively

** EIDP hits near 1-yr high, SRES and DWAR set to gain most since August

** Analysts' average rating on BACH, TREI is equivalent of "buy", per LSEG data

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of sugar companies like Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS, Dhampur Sugar DAMS.NS slump between 4.4%-6.4%

** Stocks slide as Indian government plans to discourage diversion of sugar for ethanol production as part of government efforts to increase sugar output

** Triveni Engineering and Balrampur Chini Mills among the top losers

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of sugar companies like Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS, Dhampur Sugar DAMS.NS up between 2% and 6%

** Rise after global sugar prices hit a 12-year high on Tuesday, on supply tightening

** International Sugar Organisation (ISO) said on Tuesday that 2023-2024 global sugar production will fall 1.2% Y/Y

** Lower sugar production likely to sustain upward trajectory in domestic sugar prices, said analysts at Systematix Institutional Equities

** Rise in sugar prices also due to extension of export curbs by world's second biggest producer India last week

** SRES and BACH among top gainers in small-cap index .NIFSMCP100, which is up 1.13%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Updates with milestones, other sugar stocks moves

** Shares of Shree Renuka Sugars SRES.NS rise as much as 5.3% to 57.25 rupees, hitting their highest since Jan 5; other sugar cos rise too

** The agri-business and bio-energy co says it will buy Anamika Sugar Mills, based in Uttar Pradesh nBSEz76K7

** Adds it will infuse 1.1 bln rupees ($13.23 mln) in Anamika via subscription to equity shares

** Deal props up other sugar stocks such as Dalmia Bharat Sugar and Industries DLMI.NS which advances about 6.5%; Triveni Industries TREI.NS and Dhampur Sugar Mills DAMS.NS rise as much as 5.9% and 8.1% respectively

** As of YTD, stock has fallen ~3.2%

($1 = 83.1360 Indian rupees)

(Reporting by Archishma Iyer in Bengaluru)

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