To add to the story of Kuantum you have narrated, they have also established a pilot bio ethanol plant from wood pulp and agri waste. The management has time and again underplayed this development
However, there is a separate company, Khaitan bio energy (Link)
It seems that operations related to ethanol will be handled by Khaitan bio energy. It remains to be seen whether the same company will be a subsidiary of Kuantum Papers or it will be held privately by the Khaitan family.
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