proj Big news for the companies building ethanol plants, the proposal to increase the prices of ethanol may soon get approval from the cabinet. According to the mega exclusive news of CNBC-Awaaz, Union Minister Nitin Gadkari has also said that the target of 20 percent ethanol blending in petrol will be achieved in the next two months. According to sources, an increase of Rs 1.82 is possible in the price of B heavy molasses. At the same time, an increase of Rs 1.31 is possible in the price of cane juice. A possible increase in the price of C heavy molasses by Rs 6.87 per liter is possible.
According to sources, the price of B heavy molasses is likely to increase from Rs 60.73 per liter to Rs 62.55 per liter. An increase of Rs 1.31 is possible in the price of cane juice. The price of cane juice may increase from Rs 65.61 per liter to Rs 66.92 per liter. C: A possible increase in the price of heavy molasses by Rs 6.87 per liter is possible. The price of C heavy molasses is likely to increase from Rs 49.41 per liter to Rs 56.28 per liter.
At present ethanol blending on petrol is 15.83 percent. A target of 20 percent ethanol blending has been set by 2025-26. According to sources, the incentive of Rs 6.87 per liter can be regularized.
Road Transport Minister Nitin Gadkari gave a big statement on ethanol
Meanwhile, Road Transport Minister Nitin Gadkari has given a big statement on ethanol. He has said that the target of 20 percent ethanol blending will be achieved in the next two months. There will be 20 percent ethanol blending in petrol. Ethanol is being made from maize, broken rice, sugarcane and molasses. Ethanol blending helps in reducing pollution. This will also reduce India’s oil import bill. Many companies have started production of 100 percent ethanol vehicles.
Stock Market Today: The impact of these news will be visible on the market today, take a look at them before taking any trade.
Due to this news, the share of Praj Industries is trading around Rs 768 with an increase of Rs 29.65 i.e. 4.01 percent. Today its daily high is Rs 784. This share has fallen 1.70 percent in the last 1 week. At the same time, there has been a weakness of 6.80 percent in 1 month. This stock has fallen 4.20 percent in 3 months. It has increased by 45.31 percent in 1 year. At the same time, this stock has gained 91.54 percent in 3 years.