Ad Here  
Daimler grows sales and share in India Record two-wheeler sales TN government keen on revival of operations at Nokia complex New India Assurance posts impressive show From the toughest to the best year Bajaj Finserv – Q1: fare well Carnival Films acquiring 3000 screens pan India He excels in the nuts and bolts of entrepreneurship A welcome initiative-even critics are recognised Emami – a new growth mantra Tata Steel, ThyssenKrupp sign MoU to merge European units Land wars L & T’s floating dock for navy TVS Srichakra plans capacity expansion TVS Automobile invests Rs.75 crore in start-up firms Forging industry worried over lower supply of steel and its price Hyundai to focus on SUVs and AMT variants M & M unveils driverless technology for tractors TI Cycles plans retail expansion to drive sales for premium bicycles Mercedes-Benz sales continue to zoom PSU non-life firms seek to protect share PPP model for infrastructure development Right to privacy – now it’s fundamental! V-Guard launches app-enabled water heater system Titan Company – sales recovery to kick in Welcome focus to improve rural India... Wabco launches safety system Tata Motors bets on new launches Hindalco – re-rating Is this a generation gap? LVB posts 31 per cent growth in Q1 net profit Consolidating leadership position in smartphones L&T profit up by 11 per cent Ode to Ratan Tata The unexpected exit Singur minus Nano – victory or folly? AL secures orders for 3600 buses L & T set bigger ambitions in defence business Tata Motors charts investments in PV and CV businesses ITC – steep excise hike HPCL plans Rs.61,000 crore capex over 5-years Yamaha unveils scooter boutique Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Smooth sailing of SAIL Smartphone onslaught by Chinese brands 29 per cent jump in TCS revenues Sivasankaran enters taxi space to take on Uber and Ola Maruti – for young buyers Eyes strong growth in 2016-17 Kone India eyes further growth in elevator market Tata Motors aims to be among the Top 3 global CV & PV firm Preparing for the next growth curve It takes two to tango Michelin to double Chennai capacity When small is not so beautiful… Nissan exit shouldn’t affect ALL Dish TV – subscriber additions encouraging CAPITAL NOTES E.I.D Parry (India) Ltd: another sweet year Housing demand revival Sundram Fasteners rejigs international AL introduces Guru & Partner The gainers and the losers Tata gets 4-star rating for Zest Increasing market share Aurobindo Pharmacy: good turnaround Rane targets Rs.5500 crore topline by 2018-19 Shriram Life clocks more than Rs.1000 crore premium in 2015-16 AL wins Deming prize again Gamesa to set up a plant in Nellore Last stages Daimler’s truck exports from Chennai cross 5000 units Toyota and Suzuki to introduce EVs in India by 2020 RoC in the dock... Are they really independent? Back in growth mode Vellayan is back, after 150 days Solar installations exceed 2015 capacity in five months ITC chairman calls for policy impetus to transform agriculture A niche in FMCG business... Hyundai India achieves 7 mn production at Chennai factory Tata Motors joins compact SUV bandwagon with Nexon L&T bags the Mumbai Trans-harbour link order Chinese smart phones flourish in small towns too! IOB on turnaround path
Ponni Sugars (Erode) Ltd: not so sweet 2012-13

Sugar industry was on a rough patch facing several challenges and Ponni Sugars (Erode) was no exception. India floundered yet again to capitalise on world sugar prices by restricting and rationing export quotas and was lackadaisical to let go a golden opportunity through aggressive exports at lucrative world prices. The price for domestic sugar slid from Rs 3800 per quintal to below Rs 3000 per quintal in Tamil Nadu while the sugarcane price was significantly hiked by both Centre and state. Turnover for the company was Rs 211.12 crore with a profit after tax of Rs 19.11 crore.  Central government decision to decontrol sugar (not sugarcane) and the cogeneration project were the two sugary happenings in the salty year.  PSL’s sale volume declined by 33 per cent due to sluggish market conditions. The persistent drought led to operating at just 50 per cent of the potential.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236