Sugar stocks rallied up to 7 per cent on September 16 after the Department of Food and Public Distribution authorised sugar mills and distilleries to manufacture Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. The move came alongside the government’s recent approval for sugar mills and distilleries to produce ethanol from sugarcane juice, B-Heavy molasses, and …
Sugar stocks experienced a notable surge, with gains of up to 7.7% in today's trading session, following a new order from the food ministry. The order reversed the earlier ban on using sugarcane juice for ethanol production, allowing both sugarcane juice and B-heavy molasses for green fuel production in the 2023–24 supply year. This reversal followed the government's December 07 …
New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved a hike in the cost of ethanol procured by the public sector oil marketing companies from distilleries. The price of ethanol from sugarcane juice/sugar/sugar syrup has been raised from ₹63.45 to ₹65.61 per litre, the release said. “The Cabinet Committee on Economic Affairs …
