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Shares of sugar companies today soared by up to 7 per cent in the morning trade as the Government allowed exports of additional 1 million tonne of the sweetener.
Empee Sugars and Chemicals was trading 7.42 per cent higher at Rs 13.60, while Sakthi Sugars shot up 4.67 per cent to Rs 25.75 on the BSE.
Other major gainers were Shree Renuka Sugars, which was up 3.28 per cent, Bajaj Hindusthan climbed 2.10 per cent, Balrampur Chini Mills went up by 0.84 per cent, while Dwarikesh Sugar rose by 0.63 per cent.
Further, Triveni Engineering was up 0.31 per cent and Dhampur Sugar Mills gained 0.58 per cent.
The Government yesterday allowed further 1 mt of sugar exports in view of surplus production and to help mills clear mounting cane arrears that have reached Rs 8,409 crore till February, to farmers.
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