The current stocks in the country with the government and the private sector are over 56 million tonnes, which the government will have to offload ahead of the arrival of the new crop in April.
from Agriculture-Economy-News-Economic Times https://ift.tt/32RFgSw
The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice. from Agriculture-Economy-News-Economic Times https://ift.tt/Msz0Jl6
The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice. from Agriculture-Economy-News-Economic Times https://ift.tt/UwRa5Jc
"Maharashtra produces 90 to 100 lakh tonnes of sugar every year. We are moving ahead to cut the production by 10 lakh tonnes every year, and take up ethanol production and provide it to petroleum companies," Maharashtra State Co-operative Sugar Factories Federation Chairman Jayprakash Dandegaonkar said. from Agriculture-Economy-News-Economic Times https://ift.tt/3kU4wy6
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