After recent price hikes, Management seems more confident about the sustenance of the Ethanol/Bio-fuel business and taking following steps:
- Going ahead with the 150KLPD expansion of Bhatinda refinery. During the one before last investor conf call Management had said that they had put the expansion plan on slow lane as they await for clarity from Govt, after the FCI rice ruling
- Planning to venture into Bio-Deisel business. This is a related expansion as the feed will be maize. This Biz also has Govt backing, just like Ethanol.
- Sales of their PMIL (Punjab made Indian Liquor) has 3x since last year. Buoyed by this they are contemplating entering into IMFL (India made Foreign liquor) biz, if things continue to look up.
They are planning to invest around 700 crs in the next 3 years in the Bio energy biz.
Source:
https://x.com/ETNowSwadesh/status/1744266267203383312?s=20
https://x.com/ETNOWlive/status/1744311070234423718?s=20
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