ICICI Securities Limited
The sugar industry is going through transformational changes through various government & industry efforts to make business models more sustainable by increasing the ethanol-blending target to 10% by 2022 & 20% by 2030. Moreover, with the introduction of concept of minimal selling price (MSP) for sugar, losses in the sugar business can be avoided. With new bio fuel policy introducing ethanol production through B' heavy route, most sugar companies are expanding their distillery capacity. Also, the government has approved a soft loan (interest subvention of 5%) for 114...
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