[ad_1] PUNE: High sugar exports for the second sugar season (SS; October-September) in a row, coupled with increased supplies of ethanol – and at remunerative prices – for blending with petrol, will improve the operating profitability of integrated sugar mills by 75-100 basis points (bps) to 13-14 per cent this fiscal, a CRISIL Ratings analysis…
[ad_1] New Delhi: Shares of sugar companies continued the strong momentum with many stocks hitting the upper circuit limits in Monday’s trade. Prime Minister Narendra Modi, on Saturday, advanced the country’s target of 20 per cent ethanol blending in petrol by five years to 2025 from 2030.The move will help India cut oil import bills…
Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date. Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar…
New Delhi: In what may add heft to India’ green energy credentials, the union government will direct oil companies to sell up to 20% ethanol blended petrol from 1 April 2023. The government has been pushing for ethanol production with surplus sugar production depressing sugar prices and consequently increasing the dues of sugarcane farmers. This…
[ad_1] As India looks to cut carbon emissions and reduce oil imports, Prime Minister Narendra Modi on Saturday announced that the deadline for achieving 20% ethanol-blending with petrol was pushed to 2025 in the country. The government set a target of reaching 10% ethanol-blending in petrol by 2022 last year, and aimed to mix 20% of ethanol…
[ad_1] New Delhi, Jun 5 (UNI) Prime Minister Narendra Modi on Saturday said the target of achieving 20 percent ethanol blending in petrol has been preponed to 2025. Addressing the World Environment Day event, jointly organised by the Ministry of Petroleum and Natural Gas and the Ministry of Environment, Forest and Climate Change through a…
[ad_1] Kolkata, Jun 5 (UNI) Prime Minister Narendra Modi on Saturday said that India has taken another leap by releasing a detailed roadmap for the development of the ethanol sector on the occasion of World Environment Day. Mr Modi addressed the World Environment Day event, jointly organized by the Ministry of Petroleum & Natural Gas…
[ad_1] New Delhi: Shares of sugar companies shot up as much as 8 per cent on Thursday after the government brought forward the deadline for attaining 20 per cent ethanol-blending with petrol by two years to 2023. This is likely to reduce India’s dependency on costly oil imports. “The Central Government hereby directs that the…
[ad_1] In an effort to encourage ethanol production in the country, the Centre has amended the Sugarcane (Control) Order, 1966 by allowing the setting up of a unit exclusively to produce ethanol. In the amendment gazetted on Monday, the Centre has amended the provisions which had till now not allowed direct production of ethanol from…
[ad_1] Sugar mills across the country have contracted orders to supply 302.3 crore litres of ethanol to oil marketing companies (OMCs). This is 70 per cent more than the 178 crore litres supplied in the previous season. This will help mills to reduce sugar production by 20 lakh tonnes (lt) due to the diversion of…