Let’s assess if the market’s – “The world has come to an end” reaction makes any sense.
From what I understand so far, the only thing that has changed for now is the source of ethanol, Praj is not a sugarcane producer it makes machines, machines to extract ethanol irrespective of the source. In fact, this might boost sales as grain-based ethanol producers will require more machines to fulfill the demand and to continue meeting E20 targets.
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