Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Forever Global Enterprises acquires Dhampur Bio Organics' Meerganj facility for INR 305 crores, marking entry into Uttar Pradesh's sugar sector
Forever Global Enterprises Limited has acquired Dhampur Bio Organics' Meerganj unit for INR 305 crores. This strategic move integrates a 9,000 TCD sugar mill and a 23 MW cogeneration plant, paving the way for a 200 KLPD grain-based and 100 KLPD molasses-based distillery. The expansion, with a total investment of INR 760 crores, aims to boost regional employment and farmer prosperity in western Uttar Pradesh, solidifying FGEL's sugar-to-spirits platform.
Dalmia Bharat, Shree Renuka and other sugar stocks jump up to 4%. What’s behind the rally?
Shares of Dalmia Bharat Sugar, Shree Renuka Sugars and other sugar companies rose sharply on Tuesday after the government approved an additional export quota of 87,587 tonnes for 2025–26. The move is expected to ease surplus concerns, support domestic prices, and improve realisations for mills amid firm global trends.