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Indian Potash Limited (IPL) has announced to revive Odisha's Badamba Cooperative Sugar Mill, which was has been closed since 2010, by investing ₹360 crore. However IPL will have to face a major challenge of sourcing sugarcane in the mill's command area as many farmers have shifted to other crops. The company has signed a Memorandum of Understanding (MoU) with the Government of Odisha for modernization and expansion of Badamba Sugar Mill with an estimated investment to ₹360 crore, IPL said in a ...Read More >
Mumbai, Jun 27 (PTI) Sugar output is likely to increase by 15 per cent in sugar season 2025-26 to about 35 million tonnes on a favourable monsoon, a report said on Friday. India's gross sugar production is likely to rise 15 per cent in sugar season 2026 to about 35 million tonnes, aided by above-average monsoon, boosting cane acreage and yields in key sugar-producing states like Maharashtra and Karnataka, Crisil Ratings said in the report. The growth is expected to ease tightness in the domest ...Read More >
NEW DELHI: EET Fuels, the trading name of Essar Oil (UK, has secured fresh round of funding of $350 million through a combination of a new bank financing and upsizing of existing trade credit, the company said on Tuesday. The new facilities secured consists of a $150 million facility with African Export-Import Bank (Afreximbank), the Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Upsizing of the previously reported $300 million tra ...Read More >
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