Maharashtra mills get notice over non-payment of cane dues – The Financial Express

According to the officials, millers have paid up only Rs 360.36 crore to farmers till December 15 and the total payable FRP was to the tune of Rs 2,497.41 crore by the end of November.Maharashtra mills get notice over non-payment of cane duesAt least 15 sugar mills in the Kolhapur division of Maharashtra have been issued notices by the deputy district registrar for their failure to pay fair and remunerative price (FRP) dues to farmers for the season of 2018-19, senior officials of the Maharashtr...
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Nagarjuna Constructions: ‘Buy’ with TP of Rs 118 – The Financial Express

Debt declined Rs 1.4bn sequentially due to working capital improvement. Thus, we are raising FY19E earnings by 15%.Nagarjuna Construction (NCC) delivered spectacular Q2FY19 results with revenue and adjusted PAT surging 139% YoY and 118% YoY, respectively. H1FY19 order intake of ~Rs 84bn implies that the company is on track to beat its FY19 order-accretion guidance of `140bn (refer to Hyderabad diaries: Opportunity in adversity). Debt declined Rs 1.4bn sequentially due to working capital improve...
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