@varinder_bansal EV and PV (Photovoltaic) will cut short the ethanol ramp up. Renuka will end up like their Brazillian misadventure. Disclaimer - Was stuck in Renuka for years and had written off the investments. Good to see green pasture holding with SL
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Shree Renuka Sugars releases entire pledge of nearly 55.3 cr shares (26% equity) from IDBI bank
D: OWN/ BIASED/ ADVISED
D: OWN/ BIASED/ ADVISED
Thanks, ET for quoting me. But a slight warning that Renuka is still using ~75% of existing ethanol capacity & ~60% of enhanced capacity this year vs Balrampur 95%. The key is to monitor CU going ahead (and of course Wilmar stand on 300 mn loan to co)
— Varinder Bansal \U0001f1ee\U0001f1f3 (@varinder_bansal) June 10, 2021
D: OWN/ BIASED/ ADVISED pic.twitter.com/wgPAcYHtnR