An update on this ethanol story – Found this piece of information on public domain. The khaitan bio energy which was mentioned in the previous post is held privately by the Khaitan family. Attached screenshot :
Also there was no follow up update on the ethanol story in this year’s annual report. The piece almost vanished in thin air.
Earlier, in 2023 annual report there was a half page writeup on the ethanol story with a mention of creating a SPV and a concluding statement that read –
This was a bet on paper companies venturing into ethanol production, anticipating a boom similar to the sugar industry. However, it appears the management intends to keep the benefits to themselves for now.
Disc: Squared my position.
| Subscribe To Our Free Newsletter |
