Rs 3,500 crore sugar subsidy to help sustain exports at last year's level: Crisil

That, together with stable domestic demand, higher contribution from ethanol due to higher cane diversion for ethanol production, and increased ethanol prices, will lead to a 100-200 basis points (bps) increase in the operating margin of sugar mills to 10.5-11.5% this fiscal.

from Economy-News-Economic Times https://ift.tt/3aLh3lk