Page 4 - Ethanol Production

Jagatjit Ind to invest Rs 210 cr to set up grain-based ethanol plant

Jagatjit Industries Ltd, which is into liquor business, will invest Rs 210 crore to set up a grain-based ethanol manufacturing plant in Punjab to encash rising demand of this green fuel for blending with petrol, a top company official said. Founded in 1944, Jagatjit Industries is one of the leading firms in manufacturing of Indian Made Foreign Liquor (IMFL) and country liquor in the country. The company, which is listed on Bombay Stock Exchange, has manufacturing facilities in Kapurthala ( Punjab) and Behror (Rajasthan). "We are setting up a greenfield grain-based ethanol manufacturing facility at Hamira, Kapurthala district in Punjab with a capacity of 200 kilo litres per day (200 KLPD). The total project cost is around Rs 210 crore," Roshini Sanah Jaiswal, Promoter and Chief Restructuring Officer of Jagatjit Industries, told PTI. The investment will be funded through bank loans and internal accruals, she said. The company has already received environmental clearance and obtain

Mills log record billion-litre ethanol output in Uttar Pradesh

At present, the sugarcane area and sugarcane output is estimated at 2.85 million hec­tares and 235 mt respectively

Elections to ethanol blending: Sugar production drop weighs on stakeholders

The government reportedly considering a blanket ban on exports to cool down prices

ISMA lowers 2022-23 sugar output and ethanol diversion estimates

However, several industry players said despite fall in sugar production, ethanol diversion will be steady at 4.5 million tonnes as against 3.6 million tonnes in 2021-22 (October to September)

India's ethanol capacity to jump 25% to 12.5 bn litres by year-end: Govt

The two major sugar producing nations in the world can play an important role in ethanol trade at the global level

BCL Industries board approves raising Rs 201 crore via issuance of warrants

BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant

Ethanol blending in petrol hiked from 1.5% to 10% since 2013-14: Govt

The government increases ethanol blending in petrol from 1.53% in 2013-14 to 10.17 per cent in 2022 and advanced its target to achieve 20 per cent ethanol blending in petrol from 2030 to 2025-26

Ethanol unit to come up in Mysugar factory next year: Karnataka CM Bommai

With the aim to benefit farmers, an ethanol unit will be established at Mysugar factory in Mandya next year, said Karnataka Chief Minister Basavaraj Bommai on Friday

Chhattisgarh govt signs two MoUs for ethanol plant, drone and UAV unit

The Chhattisgarh govt signed the MoUs at Chhattisgarh Business Summit 2022 at India International Trade Fair-2022 in New Delhi on Tuesday

Cabinet hikes ethanol prices, approves subsidy for non-urea fertilisers

The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity

Uttar Pradesh crosses Rs 12,000 crore mark in the ethanol economy

UP govt is trying to integrate the sugarcane crop with lucrative ethanol value chain in order to provide fair prices to the farmers and protect the sector from the cyclical nature of the sugar market

Govt's ethanol blending programme faces supply and pricing problem

The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based

Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year

The stock of sweetener hit a six month high and quoted at its highest level since April 2022

Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high

ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations

Praj Industries hits record high on strong order inflow hopes; stock up 9%

Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20)

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission

Reduce sugar production, focus on ethanol: Gadkari tells sugar mills

He also argued that the sugar industry should try to create avenues through which ethanol could be sold directly to the automobile industry

Shree Renuka Sugars to nearly double ethanol capacity; to invest Rs 700 cr

The 20% ethanol blending target has seen sugar sector majors betting on expanding the ethanol capacity; the sector could see an investment of about Rs 10,000 crore in the years ahead

Ethanol purchase price may be hiked by up to Rs 2 per litre next year

Some officials feel increase should be limited to Rs 2 per litre

India set to allow 5 mn tonnes of sugar exports in first tranche: Report

On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier