TheBoard of Directors ofAvadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) at its meeting held on 05thFebruary, 2020 took on record the un-audited Financial Results for the Ninemonthsand Quarterended December 2019.
|EPS (Rs.) NOT ANNUALISED||3.74||8.60||14.04||17.31|
Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said:
The bench mark raw sugar prices rose to two year high of 14.90 cent per pound in International market, madeIndian sugar viable for buyer in West and South Asia & propping up domestic prices as well .The overall sugar production in India is experiencing a steep downfall of nearly 24 per cent on account of lower output from Maharashtra a major producing state, enabling the industry to overcome the glut situation. The sugar export policy will further aid the millers to clear their stocks.Furthermore, the ethanol production push by the Government of India have benefited the integrated sugar millers to a large extent.