Oasis Group to invest Rs 500 crore for setting up ethanol plant

q2b1x4Oasis Group is planning to invest Rs 500 crore for establishing a wheat-based ethanol plant with capacity of 5 lakh litres per day at Ferozepur in Punjab.

At present, mostly sugar mills are producing ethanol in the country, which is being sold to the petroleum companies.

The Centre has fixed the target of mixing up to 10 per cent ethanol in petrol, but so far it has achieved only 2.5 per cent blending. Read More

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