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Showing posts with the label Bihar State Sugar Corporation

Sectoral News - Ethanol

Bihar to oppose Centre's notice on ethanol (Business Standard 21th Jan 2008) Bihar Government to oppose Centre's order that only Sugar mill can produce ethanol The government of Bihar has strongly opposed the Centre’s notification imposing a rider on ethanol production. The move, it claims, will significantly impact the state’s industrialisation. The Nitish Kumar-led Bihar government, in power for about two years, has made little achievement in industrialisation. The Sugarcane Development Minister Nitish Mishra said he would write to the Union Agriculture and Food Minister Sharad Pawar, asking for an exception to Bihar for ethanol production. “If need arises, our chief minister will intervene to solve the issue,” Mishra told Business Standard. With the carving out of Jharkhand in 2000, Bihar has been left with no significant minerals resources to attract investments in mineral-based industry and is now primarily suited for agro-based industries. Bihar, with barely 2 per cent o...

Company News

Reliance top bidder for Bihar sugar corp unit (Business Standard 4th Jan 2008) Reliance Industries Ltd has emerged as the highest bidder for the Motipur unit of Bihar State Sugar Corporation at a price of Rs 57 crore, marginally higher than the floor price of Rs 55.36 crore. Hindustan Pertoleum Corporation Ltd (HPCL), the public sector oil marketing company, has emerged as the highest bidder for two closed units. India Glycols and Upper Ganges Sugar Mills were among the other majors bidders who did not qualify. More