Mumbai: Shares of sugar companies rose on Thursday after a news report said the cabinet committee on economic affairs (CCEA) has fixed prices for ethanol procurement.

CCEA approved a proposal to fix the delivered price of ethanol in the range of 48.50 to 49.50 per litre depending upon the distance of sugar mill from the depot/installation of the oil marketing companies, according to a report in the Economic Times.

For a distance up to 100km, price is fixed at 48.50 per litre, for 101-300km, it will be around 49 per litre and for a distance of more than 300km, price will be around 49.50 per litre, the report added.

Shares of Bajaj Hindusthan Ltd rose 4.52% to 21.95, Balrampur Chini Mills Ltd 4.94% to 61.55, Shree Renuka Sugars Ltd 4.15% to 17.55, Dhampur Sugar Mills Ltd 3.72% to 47.35, Triveni Engineering and Industries Ltd 2.69% to 26.70 and Mawana Sugars Ltd jumped 6.83% to 11.73.