India’s ethanol industry has grown manifold since government mandated its mandatory blending with automobile fuels. From just 1.5% blending target from 2005-14, it was moved to 10% during 2014-22.
In India, ethanol is mostly produced by sugar makers, many of which are listed on stock exchanges. Ethanol stocks have seen upswing in their fortunes as oil marketing companies have increased their purchases of the biofuel.
Infosys
Bajaj Hindusthan Sugar:
It has an aggregate sugarcane crushing capacity of 136,000 tonnes per day and industrial alcohol including ethanol distillation capacity of 800 kilo litre per day.
Owned by the Singapore-based Wilmar Group, Shree Renuka Sugars recently expanded its ethanol capacity to 1,250 kilo litres per day.
Shree Renuka Sugars:
The company is expanding its ethanol production capacity to 1,100 kilo litre per day from 660 kilo liter per day currently.
Triveni Engineering and Industries:
The company molasses-based distillery capacity of 600 kilo litres per day and grain-based distillery capacity of 110 kilo litres per day.
Dalmia Bharat:
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