*Renuka Sugar will expand ethanol capacity from 720 KLRD to 1400 KLPD and it has the highest ethanol capacity in India. Oil marketing companies have blended 302.3 crore litres of ethanol with presto and have registered a blending percentage of 8.1% this year. It is the first time that ethanol production & supply capacity has breached the 300 crore litre mark. This is the highest beneficiary for ethanol producers like Renuka. With higher ethanol pricing these companies will be able to achieve higher profits in future. The current market provides a great opportunity to add stocks like Renuka.*
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