Ethanol blending as a concept has roots in 1826. In 1876 a more evolved use began. Nicolaus Otto, the inventor of the modern 4-cycle IC engine, used ethanol to power an early engine
Modern industry has its root in crony capitalism of 1960-70s in US
It's still a sunrise sector🙄
More from Sahil Kapoor
More from Sugar
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
As per Niti Ayog report and planning
1500 Cr liter ethanol x Rs 60 = 90000 Cr revenue expectation per year.
Still they say it's a noise!
1500 Cr liter ethanol x Rs 60 = 90000 Cr revenue expectation per year.
Still they say it's a noise!
Sweet sugar. Many still hate commodities. Lesson: never be rigid in investment. https://t.co/lSr2CpeMMn
— Varinder Bansal \U0001f1ee\U0001f1f3 (@varinder_bansal) June 28, 2021
The other just entered into quality territory today 😜
Quality hone ke liye HIGH PE hona jaroori hai
Quality hone ke liye HIGH PE hona jaroori hai
Ethanol plants need incineration boilers
— Siddhartha Bhaiya (@sidd1307) June 29, 2021
There are only 2 major manufacturers in India
One is thermax. The other is homework \U0001f61c#valueinvesting #Investment #investing #aequitas