business

10% ethanol blending can save Rs 9000cr of FX: Shree Renuka

According to Narendra Murkumbi, blending 10 percent ethanol in petrol will reduce sugar surplus by almost one million to one-an-half-million tonne and that will be beneficial for the sugar industry. Overall, manadatory ethanol blending by the government will have dual benefits in terms of new market for ethanol and reducing sugar surplus.

first published: Sep 3, 2013 12:38 pm