Ethanol is a volatile, colorless alcohol that burns easily and is derived from grains and sugar and used in medications.
Funds used by a business to purchase, renovate, and maintain tangible assets like real estate, plants, buildings, machinery, or technology are known as capital expenditures or CapEx. A corporation frequently uses capex to launch new initiatives or investments.
Here are 3 ethanol stocks that have capex up to Rs 2,814 crore.
Dalmia Bharat Ltd
Dalmia Bharat Ltd is the fourth-largest cement manufacturer in India based on installed capacity. Its business is the manufacturing and selling of cement.
With a market capitalization of Rs 39,571.72 crore, Dalmia Bharat Ltd, On Monday the share closed at Rs 2,110.15, an increase of 0.20 percent from the previous close price.
Dalmia Bharat Ltd manufactures cement used in the lining of oil wells and has a capex of Rs 2,814 Cr in FY 2022-23. The company has a couple of top priorities for FY24 are integrating the Jaypee Cement asset successfully and finishing their ongoing capital expenditures on schedule.
Dalmia Bharat Ltd’s revenue increased by 6 percent from Rs 2,971 crore in Q2FY23 to Rs 3,149 crore in Q2FY24, Further, During the same time frame net profit increased by 148 percent from Rs 50 crore to Rs 128 crore.
Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Ltd engages in the production and distribution of lubricating oil additives as well as the refining of crude oil for use in the production of various petroleum products.
With a market capitalization of Rs 8,721.00 crore, Chennai Petroleum Corporation Ltd, On Monday the share closed at Rs 5,85.65, a decrease of 0.02 percent from the previous close price.
Chennai Petroleum Corporation Ltd is a producer of refining crude oil to produce & supply various petroleum products and has a capex of Rs 659.06 Crore in FY 2022-23. Today India is the global refining hub with a refining capacity of 248.9 MMTPA and is the fourth largest in the world after the United States, China, and Russia.
Chennai Petroleum Corporation Ltd revenue decreased by 12.5 percent from Rs 22,894.37 crore in Q2FY23 to Rs 20,009.78 crore in Q2FY24, Further, During the same time frame net profit increased by 6,960 percent from Rs 16.93 crore to Rs 1,195.41 crore.
Dhampur Sugar Mill Ltd
Dhampur Sugar Mills is a prominent integrated sugarcane processing enterprise in India. We have been able to diversify our business beyond sugar to include renewable energy, fuel ethanol, alcohol, and other products thanks to our ongoing and frequently innovative efforts to realize the full potential of sugarcane.
With a market capitalization of Rs 1,733.38 crore, Dhampur Sugar Mill Ltd, On Monday the share closed at Rs 261.10, a decrease of 0.65 percent from the previous close price.
The company invested in productive assets throughout the year, spending a total of Rs 227.56 crores on capital expenditures. Both the grain-based distillery, scheduled to be commissioned in the first quarter of FY24, and the distillery that was completed in the final quarter of FY23 benefited from substantial investments.
Dhampur Sugar Mill Ltd revenue decreased by 9 percent from Rs 644.2 crore in Q2FY23 to Rs 582.19 crore in Q2FY24, Further, During the same time frame net profit decreased by 53 percent from Rs 11.54 crore to Rs 5.43crore.
Written By:- Abhishek Singh
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