Expect ethanol manufacturing to attract over Rs 130-bn investments: Sawhney

We expect a number of new distilleries to come up in the next two-four years' time, said Tarun Sawhney

Shares of sugar companies have rallied as much as 50 per cent in a week after the government decided to increase ethanol price by 25 per cent. Can the celebrations last for long? Tarun Sawhney, vice chairman and managing director at leading sugar maker Triveni Engineering and Industries, which owns seven sugar mills, tells Ajay Modi the decision will give birth to a new industry and in next two-four years, substantial revenue of sugar companies will come from ethanol. Excerpts of the interaction:

Tell us about the impact of last week’s decision on the sector?

We expect a number of new