The Indian government is on the verge of blending 20% ethanol into automotive gasoline in order to minimize reliance on foreign exchange. As a result, the Indian ethanol sector has had great success in recent months, attaining a 10% ethanol blending rate five months ahead of schedule. However, to meet the government’s blending target, greater ethanol production capacity is required.
Dolly Khanna is a well-known Ace investor in the market. As per the latest corporate shareholdings filed, Dolly Khanna publicly holds 18 stocks with a net worth of over Rs. 417.9 crore.
KCP Sugar & Industries Corporation Ltd
KCP Sugar & Industries Corporation Ltd shares closed at Rs 32.9 on Friday, down 5 percent from the previous close price, with a market capitalization of Rs 373 crores.
The stock has gained multibagger returns of 28 percent in the last six months and 32 percent in the previous year.
KCP Sugar & Industries Corporation operational revenue has increased by 14 percent yearly, from Rs 82 crore in Q2FY23 to Rs 94 crore in Q2FY24. During the same period, net profit declined by 3.4 percent, from Rs 29 crore to Rs 28 crore.
According to BSE data, As of the September quarter of FY 23-24, Dolly Khanna holds 14,32,638 shares in the company, or 1.26 percent stake.
The Company is a pioneer in south India to put up its 10 KLPD Ethanol plant in its distillery at Vuyyuru, Krishna District, Andhra Pradesh.
The company has a total ethanol installed capacity of 50 KLPD distillery plants and the Company continues to supply ethanol to major oil Companies.
K.C.P. Sugar and Industries Corporation Ltd is engaged in the manufacturing of sugar as well as its associated products such as Rectified Spirit, Extra Neutral Alcohol, Ethanol, Incidental Cogeneration of Power, etc.
Rajshree Sugars & Chemicals Ltd
Rajshree Sugars & Chemicals Ltd shares closed at Rs 57.6 on Friday, down 1.74 percent from the previous close price, with a market capitalization of Rs 190 crores.
According to BSE data, As of the September quarter of FY 23-24, Dolly Khanna holds 3,47,035 shares in the company or a 1.05 percent stake.
The company’s operating income has grown by 15 percent year on year, from Rs 185 crore in Q2FY23 to Rs 213 crore in Q2FY24. During the same period, net profit increased from zero to Rs 17 crore.
The stock has returned 44 percent in the last six months and 31 percent in the last year.
The company has two distilleries with a total production capacity of 125 KLPD to produce Rectified Spirit, Extra Neutral Alcohol, and anhydrous Alcohol.
Rajshree Sugars & Chemicals Limited is engaged in the business of sugar, industrial alcohol, and Power cogeneration activities.
Written by Omkar Chitnis
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