K V Thomas, Food Minister was quoted as saying that the panel set up to examine issues related to India sugar industry will speed up work after the conclusion of elections, which will also consider allowing more sugar exports at a meeting.
According to reports, the panel is headed by C Rangarajan, chairman of the prime minister’s economic advisory council, while the members include Kaushik Basu, chief economic adviser in the finance ministry, and secretaries at the farm and food ministries.
The stocks of Balrampur Chini Mills are up 1% or Rs 0.75, while the shares of Shree Renuka Sugars are up by Rs 0.30 or 0.77%.