Category Archives: Sugar Industries

Praj Industries soars to 275 after joint venture

Praj Industries which was my recommendation from almost 6 months finally saw sunshine this week , they have a formed a JVC Praj Jaragua Bioenergia S.A., will supply end-to-end solutions for sugarcane juice to ethanol production. Praj Industries will hold 54% in the JVC while Jaragua will hold the balance 46%. Jaragua is a leading Brazilian engineering major and the JVC will provide Praj an entry into the fastest growing ethanol market in the world.One can buy this stock even at this level.
P.S i Hold 75 shares of Praj

Shree Renuka sugars investing heavily on Ethanol

Shree Renuka sugars investing heavily on Ethanol as plain sugar sale is not minting money like before .
1.They Completed the acquisition of the Ethanol plant of Dhanuka Petro-Chem a division of Dhanuka Cold Storage Pvt Ltd located at Khopoli, Maharashtra for a total consideration of appx. Rs 60 Million. The said unit is having an installed capacity for manufacture of 100 klpd of Ethanol and is strategically located near JNPT port. The Company has plans to increase the ethanol capacity of this unit from 100 klpd to 250 klpd, in the near future.
and also inorder to have the Ehtanol and biofuel business to fly high they
2. Thwy have set up a wholly owned subsidiary viz. Shree Renuka Biofuels Holdings FZE in Sharjah International Free Zone (SAIF Zone) for its overseas investments.