November 22, 2024 16:37 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing | PM Modi bestowed Dominica's highest award at India-CARICOM Summit
MSEL, ASEL take record of unaudited financial results for the quarter ending Jun 30

MSEL, ASEL take record of unaudited financial results for the quarter ending Jun 30

| @indiablooms | 22 Aug 2020, 08:29 pm

Kolkata/IBNS: Magadh Sugar & Energy Limited (MSEL) and Avadh Sugar & Energy Limited (ASEL) earlier this month took on record of unaudited financial results for the quarter that ended Jun 30.

Commenting on the results, C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said, "We are operating in a tough economic environment which continues to be uncertain given the Covid-19 pandemic.

"Our efforts over the last couple of years in terms of optimizing costs, enhancing scale and integration along with diversified businesses have ensured stability of our businesses."

Sugar Stock of MSEL as on Jun 30, 2020 was at 20.48 lakh quintals while average realization in Q1 FY21 was Rs. 3209/- per quintal.

Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said, "After a lower estimated production in sugar season 2019-20 at 27 MMT, plantation reports indicate a significant jump in the sugarcane production for the season 2020-21."

Sugar Stock of ASEL on Jun 30, 2020 was at 46.94 lakh quintals while the average realization in Q1 FY21was Rs.3131.67per quintal.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.