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<keyword id="19964206" type="General" weightage="100" keywordseo="sugar-stocks" source="keywords">Sugar stocks</keyword> were in the limelight on Friday, a day after the government permitted the use of <keyword id="21250424" type="General" weightage="20" keywordseo="sugarcane-juice" source="keywords">sugarcane juice</keyword> and <keyword id="22572023" type="General" weightage="20" keywordseo="sugar-syrup" source="keywords">sugar syrup</keyword> for <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> in the 2024-25 ethanol supply year (ESY). Shares of <keyword id="22132945" type="General" weightage="20" keywordseo="Triveni-Engineering" source="keywords">Triveni Engineering</keyword> &amp; Industries jumped 7.62 per cent, <keyword id="20207681" type="General" weightage="20" keywordseo="Dhampur-Sugar" source="keywords">Dhampur Sugar</keyword> Mills rallied 7.55 per cent, <keyword id="22979412" type="General" weightage="20" keywordseo="Avadh-Sugar-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="Avadh Sugar &amp; Energy" meta.hostid="261" meta.entityid="Avadh Sugar &amp; Energy">Avadh Sugar &amp; Energy</keyword> zoomed 7.20 per cent and <keyword id="22979413" type="General" weightage="20" keywordseo="Dalmia-Bharat-Sugar" source="keywords">Dalmia Bharat Sugar</keyword> and Industries surged 5.79 per cent on the BSE. The stock of <keyword id="20682741" type="General" weightage="20" keywordseo="Shree-Renuka-Sugars" source="keywords" meta.keywordsubtype="org" meta.entityname="Shree Renuka Sugars" meta.hostid="261" meta.entityid="Shree Renuka Sugars">Shree Renuka Sugars</keyword> climbed 5.38 per cent, Praj Industries soared 5.33 per cent, Dwarikesh Sugar (3.77 per cent) and Balrampur Chini Mills (3.46 per cent). "This spike followed the government's decision to allow sugar mills to use cane juice or syrup to produce ethanol for the ethanol supply year (ESY) 2024-25," Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox, said. The government on Thursday permitted the use of sugarcane juice and sugar syrup for ethanol production in the 2024-25 ethanol supply year, reversing last year's ban. In December 2023, the government prohibited the use of sugarcane juice or sugar syrup for ethanol production in the 2023-24 ESY (December-November) to ensure adequate sugar availability for domestic consumption and keep prices in check. "Sugar mills and distilleries are allowed to produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses as well as C-Heavy molasses for ESY 2024-25 as per the agreement/allocation with OMCs (oil marketing companies)," the food ministry order said. The Food Ministry and Petroleum and Natural Gas Ministry will periodically review the diversion of sugar for ethanol production vis-a-vis sugar production in the country to ensure year-round availability of sugar for domestic consumption, it added. India is the world's second largest sugar producing country after Brazil.

Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

Both <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> were off to a flat start today, with Nifty trading at 23,431.40 points, down 0.30% as of 9:58 am. As for Sensex, the index was trading at 76,986.21 points, down by 0.29%, as of 9:59 am. All major sectoral indices opened the day in red except for Nifty FMCG and consumer durables, whereas India VIX, seen as a measure of volatility in the market, was up by 3.90%. Nifty PSU banks opened the day in red, down by 1.26%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch out for" comment="subhead" text="Stocks to watch out for">Stocks to watch out for</cmsannotation> <keyword id="19898109" type="General" weightage="20" keywordseo="paytm" source="keywords">Paytm</keyword> (<keyword id="181441" type="General" weightage="20" keywordseo="One97-communications" source="Orion">One97 Communications</keyword> Ltd) informed NSE of its recent partnership with leading global travel meta platforms like Skyscanner, Google Flights, and Wego. The platform also saw an increase in its market share in Q4. Passengers who flew via Paytm grew at 19%, as opposed to the industry average of 3%. During early morning trade, the stock was trading at Rs 407.15, down by 0.91%. MAS Financial Services Limited announced raising about Rs 500 crore via qualified institutional placement (QIP). The stock was trading at Rs 315.65, up by 1.23%. According to Mr. Aditya Gaggar, Director of Progressive Shares, "an early indication from GIFT Nifty suggests a tepid opening of the <keyword id="20014814" type="General" weightage="20" keywordseo="Indian-equities" source="keywords">Indian equities</keyword> and the index will oscillate in a well-maintained range of 23,400-23,660. A clear breakout on either sides will provide a precise picture, until then we will remain status quo." "The <keyword id="19979339" type="General" weightage="20" keywordseo="Auto-sector" source="keywords">Auto sector</keyword> has formed a bearish engulfing pattern at record levels depicting a continuation of the corrective move. For the past couple of weeks, <keyword id="19964206" type="General" weightage="20" keywordseo="Sugar-stocks" source="keywords">sugar stocks</keyword> have been seen strengthening their move upwards and we are positive on Andhra Sugar, Balrampur Chini, and Dalmia Bharat Sugar. A bullish Flag and Pole formation breakout was witnessed in the IT space. From the mid and smallcap segments, some stocks have delivered strong breakouts namely Asahi India Glass, Ramky Infra, BEPL and GHCL, IGPL, S P Apparels Ltd", he continued. Shrikant Chouhan, Head Equity Research, Kotak Securities advises staying within a defined range while trading during the day. "We expect weak sentiment as long as the market is trading below 23,700/77,800, and anticipate a retest of 23,400/76,700 levels. Further downside may continue, possibly dragging the market towards 23,200/76,100. The prudent strategy would be to buy between 23,000 and 23,200 levels with a stop loss at 23,000 on a closing basis. Keep reducing positions if indices move towards 23,600/23,700 levels". As per Progressive Shares, stocks of S P Apparels with a target price of Rs 800-920, for a horizon of 6-9 months can be a viable investment. Additionally, the brokers also recommend investing in Asahi India Glass Ltd with a target price between Rs 786-894, for a period of 3-6 months.

Market Morning: Except for FMCG, consumer durables, sectoral indices open in red

New Delhi, Shares of Sugar companies tumbled up to 3 per cent in the morning trade on Thursday after the government announced a hike in the minimum price that mills have to pay to sugarcane growers for the 2024-25 season starting October. The scrip of Rana Sugars plunged 3.21 per cent to Rs 25.35 apiece, <keyword id="20682742" type="General" weightage="20" keywordseo="mawana-sugars" source="keywords">Mawana Sugars</keyword> slumped 2.81 per cent to Rs 101.70, Rajshree Sugars &amp; Chemicals tumbled 2.50 per cent to Rs 72.62, <keyword id="20682741" type="General" weightage="20" keywordseo="shree-renuka-sugars" source="keywords">Shree Renuka Sugars</keyword> declined 2.41 per cent to Rs 48.50, KCP Sugar &amp; Industries declined 2.20 per cent to Rs 40.87, and EID Parry (India) slipped 1.57 per cent to Rs 629.20 apiece on the BSE. Also, Dalmia Bharat Sugar and Industries went lower by 1.15 per cent to Rs 403.15 per piece, Balrampur Chinni Mills fell 1.12 per cent to Rs 376.50, <keyword id="20079400" type="General" weightage="20" keywordseo="dhampur-sugar-mills" source="keywords">Dhampur Sugar Mills</keyword> down by 0.96 per cent to Rs 248 and Triveni Engineering and Industries slipped 0.76 per cent to Rs 347.80 apiece on the bourse. In the morning session, the 30-share BSE Sensex benchmark declined 410.20 points or 0.56 per cent to 72,212.89 points. On Wednesday, the central government announced a hike in the Fair and Remunerative Price (<keyword id="20544473" type="General" weightage="20" keywordseo="frp" source="keywords">FRP</keyword>), the minimum rate that mills need to pay to sugarcane growers. The FRP has been increased by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. The decision to increase the FRP was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>. This is the highest FRP for sugarcane announced by the Prime Minister Narendra Modi-led government since coming to power in 2014. This is the second time that the Modi government has increased the FRP by Rs 25 per quintal in one go. "This decision of central government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in sugar sector," an official statement said on Wednesday.

Sugar stocks slip after govt raises fair price to ₹340 per quintal

<ul><li>India plans to start using 20% <keyword id="440140" type="General" weightage="80" keywordseo="Ethanol-blended-petrol" source="Orion">ethanol blended petrol</keyword> from 2025.</li><li>Currently, most petrol pumps give 10% ethanol blended petrol.</li><li>Economists argue that ethanol production in the future will have to rely more on maize and less on sugarcane and rice. </li></ul> At present, when you go to fill petrol, the petrol you get is mixed with 10% ethanol and the government is looking to double this by 2025. Prime Minister Narendra Modi rolled out 20% ethanol-blended petrol in select gas stations in 11 States and Union Territories earlier this year as part of a programme to increase use of biofuels to cut emissions as well as dependence on foreign exchange-draining imports. First, how is ethanol made? Most of the fuel ethanol produced around the world is made by fermenting the sugar in the starches of grains such as corn, sorghum, and barley, and the sugar in sugar cane and sugar beets, as per the US Energy Information Administration. <keyword id="13884282" type="General" weightage="60" keywordseo="what-is-ethanol-blending" source="Orion">What is ethanol blending</keyword> and how does it help? <keyword id="146615" type="General" weightage="100" keywordseo="ethanol-blending" source="Orion">Ethanol blending</keyword> is nothing but blended motor fuel containing ethyl alcohol that is at least 99% pure and is derived from agricultural products, and blended exclusively with petrol. An ethanol blended petrol helps on two counts. One, ethanol is a biofuel and so it is good for the environment. Second, it helps India as a country to cut down on its crude oil import bills. Ethanol and the environment Grain-based ethanol cuts greenhouse gas emissions significantly by 44 to 52% compared to gasoline, according to the US Department of Energy's Argonne National Laboratory. A report by Renewable Fuels Association says that researchers from Harvard, MIT, and Tufts have concluded that today's corn ethanol offers an average GHG reduction of 46% versus gasoline. Emerging technologies promise to boost that reduction to near 70% in the next few years, according to USDA. So, what is the government’s plan? The government has said it plans to push up the current 10% ethanol blended petrol to 20% in the next two years across India. This work is happening in two phases. In the first phase, 15 cities will be covered and then it will be expanded throughout the country in the next two years. Consumer Affairs Minister Piyush Goyal has said that the government is confident of achieving its target by 2025. Is E-20 petrol available currently? E-20 (petrol blendend with 20% ethanol) was initially available in only 84 petrol pumps in the country. A media report says that it is currently available in close to 1,000 stations. It is noteworthy here that the price of ethanol blended petrol isn’t different for the consumer. Challenges being faced by the industry Currently, most of the ethanol being produced uses either sugarcane on rice as its raw material. Both these crops are water intensive. A month back, when rice prices shot up, The Indian ethanol manufacturers faced a tough time as rice supply was stopped to the industry. This has led to agricultural economists like Ashok Gulati to advocate relying on maize as a policy. Price hike demand accepted The government hiked ethanol rates a month back after the industry demanded a hike arguing without proper returns there cannot be additional investments to boost supply. Now, the purchase price of ethanol produced from rice has been increased by ₹4.75/litre to ₹60.29/litre and for ethanol produced from maize, price has been hiked by ₹6.01/litre to ₹62.36/litre. The reliance on sugar… The Niti Aayog estimates that India will require 1,400 crore litres of ethanol to achieve its target of 20% blending by 2025. This, in turn, means that there is a big jump required in the production of sugar. A report by the Hindu states that out of the 550 crore litres of ethanol that has been produced since November last year, 450 crore litres came from the sugar industry. What about falling sugar production and its impact? Erratic rainfall in the 2023 monsoon season means that sugar production in India will be hit. In fact, a report by Reuters says that India, the second biggest producer of sugar globally, is considering banning sugar exports for the first time in seven years to fight the deficit. Moreover, sugar prices in the country have jumped by more than 3% in a fortnight to their highest level in six years. Concerns about sugar production... The Indian Sugar Mills Association (ISMA) has forecasted a 3.3% production fall in the current sugar year to 31.7 mn tonnes. It is roughly estimated that the country consumes 27.5mn tonnes leaving only a surplus of approximately 4 mn tonnes, as per a Systematix Institutional Equities report. This will hit ethanol production and thus the push to shift to maize by the government. How have the <keyword id="97985" type="General" weightage="40" keywordseo="sugar-stocks" source="Orion">sugar stocks</keyword> fared? Sugar stocks have had a mixed bag performance for most of the past year. While Balrampur Chini is up 3.4% and Dalmia Bharat Sugar is up almost 10% year-to-date, Shree Renuka Sugars and Dwarikesh Sugar have slipped over 7%.

Explained: What is ethanol blending, impact on environment and challenges faced by India

New Delhi, Jan 30 () Dalmia Bharat Sugar and Industries Ltd on Thursday reported a 33 per cent decline in consolidated net profit at Rs 26.68 crore for the quarter ended on December 31, 2019.
Its net profit stood at Rs 40.16 crore in the year-ago period, the company said in a regulatory filing.
Total income, however, rose to Rs 520 crore in the third quarter of 2019-20 as against Rs 464.27 crore in the same period last year. MJH RUJ

Dalmia Bharat Sugar Q3 net dips 33 pc at Rs 27 cr

<ul><li>Sugar producing company stocks have rallied up to 25% in the last one month on excitement of double incentive by the government for producing ethanol.</li><li>The government is taking several steps to boost <keyword id="1992365" type="General" weightage="20" keywordseo="ethanol-production" source="Orion">ethanol production</keyword>, which can be used as an alternative to fuel in car engines and thereby reduce air pollution.</li><li>The government has already addressed auto makers to start manufacturing <keyword id="10975219" type="General" weightage="20" keywordseo="flex-fuel-vehicles" source="Orion">flex fuel vehicles</keyword>, automobiles which can run on ethanol.</li></ul>Most sugar manufacturing companies have witnessed the best year as their share price doubled or even tripled in 2021 led by improving outlook and government measures to support such companies. In the last one year, the government has come out with a slew of measures to encourage sugar mills to produce ethanol. Ethanol is an alcohol-based fuel produced by fermenting the sugarcane juice. Ethanol has been a game changer for the sugar industry In October, 2021, the government announced an incentive to encourage sugar companies to divert excess sugar cane stock in producing ethanol, which can be blended with petrol and used as fuel in vehicles. Besides, this is also a good solution to address the problem of excess sugar production in the country. Stock prices of many sugar companies doubled in 2021. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sugar producing companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in last one month </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bannari Amman Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">25% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Shree Renuka Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">22% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">153% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Uttam Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">21% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Hindustan Sugar </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">17% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">139% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Balrampur Chini Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">16% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">109% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Avadh Sugar &amp; Energy </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">15% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">113% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dhampur Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">81% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dwarikesh Sugar Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">130% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Triveni Engineering and Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">212% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dalmia Bharat Sugar &amp; Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">167% </td></tr></tbody><tbody></tbody></table>Government’s measures to boost ethanol production In an effort to reduce import of petroleum products, the government has been encouraging farmers to produce ethanol that can be blended with petrol and used as a fuel in vehicles. Also, the centre has advised auto makers to manufacture flex fuel vehicles that are capable of running on both ethanol-based fuel and petrol. Maruti Suzuki, Toyota, Honda, BMW and Mercedes have been told to make vehicles that can run on ethanol based fuel, said Union Minister for Road Transport and Highways Nitin Gadkari in an Agro-Vision event in Nagpur this week while encouraging farmers to grow more sugarcane plants. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div>The move is in line with the government’s target to reduce the carbon emissions by one billion tonnes by 2030. Analysts say sugar industry has a long way to go Sugar industry in India is expected to grow by 6-7% in the years 2021-2022 due to growth in exports of sugar and ethanol, said Manoj Dalmia, founder and director, Proficient equities. “Exports taking place from India will rise as Brazil is facing weather changes impacting crops. India is to register exports of around 4-6 million tonnes for (sugar 2022). Government plans 20% ethanol blending by 2025 in petrol, currently it is 10%. This measure will reduce the debt burden on farmers as a result sugar stocks are to grow,” said Dalmia. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/six-reasons-why-indias-central-bank-believes-cryptocurrencies-threaten-financial-stability/articleshow/88588170.cms">Six reasons why India’s central bank believes cryptocurrencies threaten financial stability</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbl-banks-stock-slumped-nearly-10-even-as-rbi-approves-interim-head-for-the-bank/articleshow/88584214.cms">RBL Bank slides back to its lowest in a year despite a new chief and RBI's assurances</a>

Sugar companies witness a sweet rally on ethanol excitement that may continue in 2022 as well

New Delhi, Mar 31 () Cement to sugar Dalmia Bharat Group on Tuesday announced a Rs 25 crore contribution to the PM-CARES Fund to fight the coronavirus pandemic. "Both the Centre and state governments have done an exceptional job to contain the outbreak of COVID-19 in India. We are doing our duty by making a contribution of Rs 25 crore to the PM-CARES Fund and will wholeheartedly do everything to support our PM and state CMs in their efforts to fight this virus," Dalmia Bharat Group Managing Director Puneet Dalmia said in a statement. As part of relief measures, the group is also providing ration, grocery and accommodation to all the contractual labourers who are stuck due to the nationwide lockdown and stoppage of all transportation. Further, the group has committed the use of playgrounds, guest houses and technical centres across all plants to the local authorities for using them as facilities for tackling COVID-19 cases. The canteens of the Dalmia Bharat factories across India are also being used to prepare food for local distribution in the regions. Over 100 food packets are being provided twice every day to the local municipalities and police to be distributed among the needy and homeless near all the plant locations. ABI HRS

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