ALMONDZ GLOBAL : ETHANOL POLICY BOOST TO BENEFIT GREEN FUEL BUSINESS 🌾⛽

• 🇮🇳 Almondz Global said the Government's decision to exempt E22-E30 ethanol blended petrol from excise duty and launch E85 fuel is expected to accelerate ethanol demand in India • 🏭 Through its SPV Premier Green Innovations Pvt. Ltd. (PGIPL), Almondz has exposure to grain-based fuel ethanol manufacturing • 📊 Almondz holds a 40.99% stake in PGIPL, while group entity Avonmore Capital holds an additional 8.88% stake • 🌾 PGIPL operates a 285 KLPD ethanol plant in Himachal Pradesh and has commenced commercial production at its 200 KLPD Odisha facility • ⛽ Higher ethanol blending targets and E85 rollout could drive increased procurement by Oil Marketing Companies, improving plant utilisation and revenue opportunities for PGIPL • 📈 Management believes the policy changes provide stronger demand visibility, better operating leverage and long-term growth prospects for its green fuel business 🟢 Impact: Positive (Higher ethanol blending mandates and fiscal incentives can significantly boost demand for PGIPL's ethanol production, benefiting Almondz through its strategic stake.)

ALMONDZ GLOBAL SEC LTD

← Back to feed