DBOL

Feb 4 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• DEC-QUARTER CONSOL LOSS 68.6 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.19 BILLION RUPEES

Source text: [ID:]

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By Rajendra Jadhav

MUMBAI, Dec 23 (Reuters) - Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.

Lower-than-expected output by the world's second-largest sugar producer could eliminate the possibility of India allowing exports in the current season ending in September 2025, supporting global sugar prices SBc1, LSUc1.

Maharashtra, Karnataka, and Uttar Pradesh account for more than 80% of the country's total sugar production, with lower cane yields in these states prompting trade houses to reduce their output estimates for the 2024/25 season.

The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house, who declined to be named.

"During the summer months, the cane crop faced prolonged stress due to the lack of water," B.B. Thombare, president of the West Indian Sugar Mills Association told Reuters.

"When the monsoon season began, there was excessive rainfall and limited sunshine, which also adversely affected the crop's growth."

The adverse weather curtailed cane yields by 10 to 15 tons per hectare, Thombare said.

The western state of Maharashtra and neighbouring Karnataka, which together produce nearly half of India's sugar, received lower-than-average rainfall in 2023, bringing down reservoir levels.

"Usually, we harvest 120 to 130 tons of cane from one hectare of land, but this year yields have fallen to 80 tons despite all our efforts," says Shrikant Ingle, who cultivated cane on five acres of land in Maharashtra's Solapur.

Drought did not affect the crop in Uttar Pradesh, the country's leading sugar-producing state in the north.

However, plantations in the state were impacted by red rot disease, which reduced sugarcane yields, said a senior state government official.

"To control the spread of the disease, we are advising farmers to adopt new cane varieties," the official said.

The downward revision in the production estimate has eliminated the possibility of any exports in the current season, the head of the trade house said.

Sugar industry seeks 2 million tons of exports, while the government says it may allow limited exports, if any surplus remains after ethanol needs are met.

(Reporting by Rajendra Jadhav; Editing by Janane Venkatraman)

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Nov 27 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• DHAMPUR BIO ORGANICS - TO ACQUIRE 100% SHAREHOLDING OF SONITRON BIO ORGANICS

Source text: ID:nNSE7YnbVs

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** Shares of Dhampur Bio Organics DHAO.NS fall as much as 4.6% to 128 rupees before paring some losses to trade 1% lower

** Sugarcane processing co reports Q2 consol loss at 233.7 mln rupees ($2.8 mln) vs a year-ago profit of 600,000 rupees

** Rev from ops falls ~5%

** Stock down ~14% YTD; it fell 24.5% in 2023

($1 = 84.1180 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 4 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• SEPT-QUARTER CONSOL LOSS 233.7 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.34 BILLION RUPEES

Source text: ID:nNSE10NKPM

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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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July 25 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• DHAMPUR BIO ORGANICS JUNE-QUARTER CONSOL PROFIT 1.2 MILLION RUPEES

• DHAMPUR BIO ORGANICS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.38 BILLION RUPEES

Source text for Eikon: ID:nBSE97qtQM

Further company coverage: DHAO.NS

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** Shares of Dhampur Bio Organics DHAO.NS turn negative, last down 1.6% to 133.8 rupees

** Co's March-qtr consol profit fell almost 51% YoY, rev down 35.4%

** Stock was up roughly 3% before results

** Stock still on track for monthly climb in April after four straight monthly drops; up 16.1% so far this month

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Dhampur Bio Organics DHAO.NS down 4.4% to 143.35 rupees as of 12:19 p.m. IST

** Sugarcane processing co reports consolidated loss of 56.4 mln rupees ($678,471.75) for Q3 vs profit of 149.4 mln rupees yr earlier, while rev from ops falls ~39% Y/Y

** Revenue from both sugar and bio fuels & spirits segments drop 58.3% and 15.3%, while country liquor segment up 41.3%

** Trading vol 1.7x the 30-day daily avg

** Stock fell 13% in Dec. quarter after two straight quarters of gain

($1 = 83.1280 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Nov 7 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• COMMENCED OPERATIONS FOR SUGAR SEASON AT ITS MANUFACTURING UNITS IN UTTAR PRADESH

Source text for Eikon: ID:nBSEc3914P

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** Shares of Indian sugar maker Dhampur Bio Organics DHAO.NS fall as much as 10.2% to 158.05 rupees

** Co on Monday reported 99% slump in consolidated profit for Sept. qtr, hurt by nearly 6-fold jump in excise tax expense

** Besides, co also put on hold installation of its greenfield distillery at Meerganj unit, which was expected to be operational by July 2025

** About 462,000 shares change hands as of 09:30 a.m. IST vs 30-day avg of 391,419 shares

** DHAO shares down 20% YTD

(Reporting by Sethuraman NR in Bengaluru)

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Oct 9 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• INDIA'S DHAMPUR BIO ORGANICS SEPT-QUARTER CONSOL PROFIT 600,000 RUPEES VERSUS 77.1 MILLION RUPEES

• DHAMPUR BIO ORGANICS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.66 BILLION RUPEES VERSUS 5.42 BILLION RUPEES

• DECIDED TO KEEP ON HOLD INSTALLATION OF GREENFIELD DISTILLERY AT UNIT MEERGANJ TILL FURTHER DECISION

Source text for Eikon: [ID:]

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July 25 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• APPROVED EXPANSION IN CRUSHING CAPACITY OF DIVISION SUGAR AT UNIT ASMOLI, UP

• EXPANSION IN CRUSHING CAPACITY FROM 9,000 TCD TO 12,500 TCD

• APPROVED INSTALLATION OF GREENFIELD DISTILLERY AT UNIT MEERGANJ

• INSTALLATION OF GREENFIELD DISTILLERY AT UNIT MEERGANJ HAS CAPACITY OF 200,000 LPD

• JUNE-QUARTER CONSOL PROFIT 126.6 MILLION RUPEES VERSUS PROFIT 82.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.09 BILLION RUPEES VERSUS 4.96 BILLION RUPEES

Source text for Eikon: ID:nNSE5Q7xqF

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April 27 (Reuters) - Dhampur Bio Organics Ltd DHAO.NS:

• DHAMPUR BIO ORGANICS LTD - EXPANDED CAPACITY OF ITS COUNTRY LIQUOR PLANT AT UNIT ASMOLI , UTTAR PRADESH

• DHAMPUR BIO ORGANICS LTD - CAPACITY EXPANSION FROM 2.8 MILLION CASES PER YEAR TO 4.2 MILLION CASES PER YEAR EXPANSION

• DHAMPUR BIO ORGANICS LTD - SUCCESSFULLY COMMISSIONED CO2 PLANT AT UNIT ASMOLI, UTTAR PRADESH HAVING A CAPACITY OF 80 TONNES PER DAY

Source text for Eikon: ID:nNSEb8Z7ss

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