By FY2024-2025, this figure is expected to rise to around 51 per cent, underscoring the growing importance of grain in India's ethanol landscape.

Union Minister for Petroleum and Natural Gas recently announced that India has achieved a 15 per cent ethanol blending rate as of May, with a goal to reach 20 per cent by 2025. Originally set for 2030, this new target underscores India's commitment to transforming its energy landscape

The shares of the company have delivered a return of around 520 per cent to its shareholders in just 2 years.

The promoters of the company sold 34,37,205 shares and decreased their stake to 70.70 per cent in March 2024 compared to 74.36 per cent in December 2023.

The company is in the process of commissioning a new CO2 plant. The new plant will have an Investment of Rs 3 crores and will be financed through borrowings from a bank. The rationale for the new plant is to convert waste molasses fermentation into liquefied carbon dioxide and dry ice. This process has several benefits, including environmental and economic benefits.