CNBC-TV18 learn from sources that the cabinet is likely to have given a nod for a revision in ethanol price.
In an interview to CNBC-TV18, Vivek Saraogi, MD of Balrampur Chini Mills discussed the impact.
The revised price of ethanol is Rs 40.85 per litre applicable for season 17-18 for dispatches for the period December 1, 2017 to November 30, 2018. It is Rs 1.85 paisa per litre increase over the previous amount, he said.
Expected sugar production this year is much higher, he added.
Most companies currently have low cost raw material. Due to higher crushing, raw material availability has been higher.
For full interview, watch accompanying video...
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