Active Stocks
Tue Mar 19 2024 09:51:06
  1. Tata Consultancy Services share price
  2. 4,045.00 -2.41%
  1. Tata Steel share price
  2. 151.40 1.20%
  1. NTPC share price
  2. 314.00 -0.99%
  1. HDFC Bank share price
  2. 1,444.35 -0.13%
  1. ITC share price
  2. 417.90 0.12%
Business News/ Industry / Manufacturing/  India hikes ethanol price by up to 25%
BackBack

India hikes ethanol price by up to 25%

The ethanol price hike will help sugar mills divert cane juice for ethanol production

The government had earlier fixed the price for ethanol produced from sugar cane juice at 47.5 rupees a litre. Photo: Ramesh Pathania/MintPremium
The government had earlier fixed the price for ethanol produced from sugar cane juice at 47.5 rupees a litre. Photo: Ramesh Pathania/Mint

New Delhi: India’s union cabinet on Wednesday approved raising the price at which oil marketing companies will buy ethanol from sugar mills by 25%, television channel CNBC TV18 said. The ethanol price hike will help sugar mills, saddled with massive mounds of the sweetener, divert cane juice for ethanol production. Earlier, the government had fixed the price for ethanol produced from sugar cane juice at 47.5 rupees a litre.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 12 Sep 2018, 01:19 PM IST
Next Story footLogo
Recommended For You
Manufacturing Stocks
₹530.60.62%
ITC
₹417.4-0.06%
₹2,878.35-1.26%
₹1,571.45-0.38%
₹149.60.67%
Switch to the Mint app for fast and personalized news - Get App