I agree with the views in the interview for Praj in particular. I think the direction of the govt is clear on bio-fuel. They want to move the industry towards 2g types of ethanol production. Considering Praj is not the producer of ethanol, it makes machineries and infrastructure for the production of ethanol, they will simply need to switch the ramping up of their 2g division in medium to long term (they already have this division in place). Having said that, this longer term move of govt may not be so good news for sugar companies. The moment the market realises this distinction between the sugar companies and companies like Praj, Gulshan poly etc., stock price will shoot up.
| Subscribe To Our Free Newsletter |
