Comments on: Sugar giants Bajaj Hindustan and Shree Renuka Sugars go on capital rasing spree http://www.biofuelsdigest.com/blog2/2009/07/01/sugar-giants-bajaj-hindustan-and-shree-renuka-sugars-go-on-capital-rasing-spree/ The world's most widely-read biofuels daily Wed, 18 Nov 2009 17:30:24 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Joelle Brink http://www.biofuelsdigest.com/blog2/2009/07/01/sugar-giants-bajaj-hindustan-and-shree-renuka-sugars-go-on-capital-rasing-spree/comment-page-1/#comment-2944 Joelle Brink Wed, 01 Jul 2009 13:57:30 +0000 http://biofuelsdigest.com/blog2/?p=12745#comment-2944 It's a safe bet for them because the Indian national oil companies are the market for ethanol and the government is committed to E20 by 2017. There are some advantages to government control of an industry. Also, Bihar state, where the mills are located, had earlier raised foreign investment to increase cane and ethanol production and provide rural power generation from waste heat and bagasse. Lastly, Praj Industries is prominent in Europe and East Asia where Shree Renuka Sugars raised much of its $105 million investment. Praj Industries chairman Pramod Chaudhary chairs the biofuels committee of the Confederation of Indian Industry. It’s a safe bet for them because the Indian national oil companies are the market for ethanol and the government is committed to E20 by 2017. There are some advantages to government control of an industry.

Also, Bihar state, where the mills are located, had earlier raised foreign investment to increase cane and ethanol production and provide rural power generation from waste heat and bagasse.

Lastly, Praj Industries is prominent in Europe and East Asia where Shree Renuka Sugars raised much of its $105 million investment. Praj Industries chairman Pramod Chaudhary chairs the biofuels committee of the Confederation of Indian Industry.

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