Sugar stocks such as Praj Industries, Balrampur Chini, Bajaj Hindustan Sugar, and Dalmia Bharat will be in focus after Union Minister Nitin Gadkari announced that India is set to achieve its 20% ethanol blending target within the next two months. The practice of blending ethanol with petrol began as a pilot project in 2001.
«We will achieve this target of 20% ethanol blending in the next two months. The use of E20 (petrol with 20% ethanol) will help in reducing pollution,» Gadkari said while speaking at an event.
Gadkari highlighted that Tata Motors, Mahindra & Mahindra, Maruti Suzuki, and Hyundai Motors have started producing vehicles capable of running on 100% bio-ethanol.
Also Read: Q3 results today: RIL, Infosys among 37 companies to announce earnings on Thursday
He also mentioned the severe pollution problem in India, noting that 42 Indian cities rank among the 50 most polluted in the world. He pointed out the country's dependence on fossil fuel imports, which amounts to ₹22 lakh crore, contributing significantly to pollution.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By —