More than Praj investors , the Sugar industry is very much worried and so also the investors in Sugar companies and tomorrow the sugar industry association meeting with PMO.
The sugar companies have put a lot of money in making Ethanol from sugarcane as it is profitable to make ethanol than sugar from sugarcane.
Govt maintains consistently since last 3 days that it is only a temporary pause for ethanol from sugarcane , but all other windows remain open for making Ethanol 1G from Grains, Maize , molasses and 2G ethanol from agri residues to ensure that ethanol blending program is not getting hampered in anyway. Govt is also ready to supply maize for 1G ethanol to ensure that Ethanol blending program is not derailed
So , i don’t see any impact on financial performance and or order in- flow for Praj
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