Ethanol is making everything great again in the Indian sugar market but strikes and possible populist strategies ahead of UP’s upcoming election may ruin much of the fun.
On the back of the ethanol push — currently the dominant investment theme in the country’s agri-business sector — the share prices of Indian sugar mills have gone through the roof. Shree Renuka Sugar, which posted a loss in the last financial year to March, has seen its share price surge 300% in the last
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