Bajaj Hindusthan Sugar Limited (Bajaj Sugar) and EverEnviro Private Limited have joined hands to set up CBG (compressed biogas) plants in Uttar Pradesh. Bajaj Sugar generates press mud annually from its sugar mills which can potentially help set up CBG plants with a total capacity of 70 metric tonnes per day.
With the news of NCLT s dismissal of petition against Bajaj Hindusthan Sugar, the company s shares witnessed a 2 percent surge, trading at Rs 23.99 at 1.15 PM, reflecting the positive sentiment surrounding the company.
National Company Law Tribunal (NCLT) has dismissed an insolvency petition against Bajaj Hindusthan Sugar Limited, one of the top sugar producers in the country, according to an order posted on its website on Wednesday. The petition was originally filed by State Bank of India (SBI) in September last year, claiming that the sugar producer had defaulted on loans amounting to Rs. 5,000 crore.