| Company | Value | Change | %Change |
|---|
Shares of Dalmia Bharat, Bajaj Hindusthan, Shree Renuka Sugars, Bannari Amman Sugars, and Balrampur Chini Mills climbed up to 6% in early trade, buoyed by expectations of higher realisations for ethanol producers.
According to sources, the price of cane juice-based ethanol is set to rise by ₹1.31 per litre, while B-heavy molasses-based ethanol will see a steeper hike of ₹1.82 per litre.
If confirmed, this would take B-heavy molasses ethanol prices from ₹60.73 per litre to ₹62.55 per litre and cane juice ethanol from ₹65.61 per litre to ₹66.92 per litre.
An official announcement is expected at 3 PM via a press conference.
The government is pushing for 20% ethanol blending in petrol by 2025-26 to bolster domestic ethanol production and cut dependence on imported fuel.
Ethanol, derived from sugarcane juice and molasses, is seen as a cleaner alternative that helps curb pollution while providing additional income for farmers.
(Edited by : Shersh Kapoor)
