Top Ethanol Stocks in India | Top Biofuel stocks to Invest in 2023
What are the top Biofuel stocks to Invest in 2023?
Here are some of the top biofuel stocks in India:
- Shree Renuka Sugars
- EID Parry (India)
- Praj Industries
- Dwarikesh Sugar Industries
- Dalmia Bharat Industries
- Globus Spirits
- Kotyark Industries
- Gulshan Polyols
- Indian Oil Corporation
- Hindustan Petroleum Corporation
- Bharat Petroleum Corporation
- Tata Chemicals
These companies are involved in the production of biofuels such as ethanol, biodiesel, and biogas. They also provide engineering, procurement, and construction (EPC) services for biofuel plants.
The Indian government is promoting the use of biofuels in order to reduce its dependence on imported oil and to improve air quality. The government has set a target of blending 20% ethanol in petrol by 2025. This is expected to boost the demand for biofuels in the country in the coming years.
It is important to note that the stock market is volatile and there is no guarantee that any investment will be profitable. Investors should carefully consider their investment objectives and risk tolerance before investing in any stock.
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