• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, July 23 Sugar mills in Maharashtra are demanding a higher price from oil marketing companies for ethanol, which is to be used for petrol blending. They are demanding Rs 30 a litre (ex-distillery) price for ethanol.

In the earlier tenders floated by the oil companies, the mills had quoted Rs 21.50 / litre for ethanol.

, Mr Prakash Naiknavare, Managing Director of Maharashtra State Cooperative Sugar Factories Federation Ltd (Sugar Federation) told reporters that mills had increased the price after taking intoconsideration the hike in raw material cost.

Mr Naiknavare pointed that inspite of its availability, oil marketing companies in last one year had not even procured enough ethanol. “Maharashtra’s share in the national petrol blending program was 11 crore litres; but less than 4.5 crore litres was actually bought by the oil companies,” he said. He added Maharashtra has the capacity to produce 83 crore litres of ethanol against the national requirement for five per cent petrol blending of 58 crore litres. Mr Shivajirao Patil, Chairman of the Indian Sugar Exim Corporation Ltd, said oil companies are resistant to buy ethanol from sugar mills but they were willing to buying from ethanol traders.

More Stories on : Sugar | Non-conventional Energy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Weekend rains likely over peninsula

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line