With India pushing hard towards E20 (20% ethanol blending in petrol), the ethanol manufacturing space is heating up. But which listed companies are actually making an impact?
Let’s break it down. 
Here are some of the key listed ethanol producers in India and their approximate market share:
- Balrampur Chini Mills – One of the largest players, contributing around 8–10% of ethanol capacity.
- Triveni Engineering – A major integrated sugar & ethanol company, holds about 6–8%.
- Shree Renuka Sugars – Backed by Wilmar, contributes approx. 5–6%.
- Bajaj Hindusthan Sugar – Still significant, with an estimated 4–5% share.
- Dwarikesh Sugar Industries – Smaller but efficient player, with 2–3% share.
- Praj Industries – Primarily a technology provider, enabling ethanol plants across India rather than producing at large scale.
CIAN Agro Industries & Infrastructure Ltd.
Though not a traditional ethanol producer, CIAN recently entered the space through an MoU focused on CO₂-based sustainable ethanol production. While they don’t currently hold major market share, their R&D-backed entry makes them worth watching.
In total, the top 10 producers—both listed and unlisted—account for over 60% of India’s ethanol blending capacity. The listed companies mentioned above represent a sizable chunk of that.
With biofuel policies driving aggressive expansion, many of these companies are adding capacity and moving fast. Expect the market share landscape to shift in the next 12–18 months.
Disclaimer:
This thread is for informational purposes only. Market share figures are based on publicly available data and estimates, and may vary depending on sources and timeframes. Please refer to official company reports and industry filings for the most accurate and updated information.
This content was generated with the assistance of AI and should not be considered financial advice.
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Who Has the Highest Recent CapEx Among Listed Ethanol Producers?
Shree Renuka Sugars (SRSL)
Shree Renuka completed a significant ethanol capacity expansion in March 2023—boosting its distillery footprint from 720 KLPD to 1,250 KLPD. This was one of the largest investments in the sector, solidifying its position as the largest ethanol capacity holder in India.
Triveni Engineering & Industries
Triveni has embarked on a major expansion of its ethanol infrastructure:
- Its existing capacity stands at 860 KLPD, with plans to scale up to 1,110 KLPD.
- The company received board approval for a 450 KLPD greenfield distillery expansion at two sites (Rani Nangal and Sabitgarh).
Summary in Thread Style:
- Shree Renuka Sugars has executed one of the most substantial recent capex investments—raising ethanol capacity to 1,250 KLPD.
- Triveni Engineering is also making large-scale investments with expansions totaling at least 450 KLPD, aiming to reach 1,110 KLPD capacity.
This content was generated with the assistance of AI and not manually verified.
KLPD stands for Kilo Liters Per Day.
It’s a common unit used in industries like ethanol manufacturing to measure production capacity—basically, how many thousand liters of ethanol a plant can produce every day.
@thisisbanerjee I’ve noticed you often delete your own replies after reconsidering, so I’ll hold onto the above message for the next round of deletions.
It can be a bit challenging to follow through the conversation when replies are deleted along the way.
@Brishide Not a matter of reconsideration — I don’t do that.
I delete because I don’t feel safe leaving texts online. You never know when something you say might offend someone, and then—poof—you’re gone from existence.
In this country, my words aren’t protected. For my own safety, I keep zero social media posts, likes, or traces. This is not the land of the free, buddy.
And yes, these too will be gone in two weeks. If you’ve read and understood, good. No need for them to live online forever.