Nayara Energy to invest ₹600 crore to set up ethanol production plants
Nayara Energy, a major player in India’s fuel industry, has revealed plans to invest ₹600 crore in establishing ethanol plants across the nation, aligning with its sustainability objectives. With the largest private fuel network in India under its belt, Nayara aims to achieve greater integration within the energy sector. This strategic move underscores the company’s commitment to renewable energy sources and signifies a significant milestone in its journey towards environmental stewardship.
Nayara Energy has announced to invest ₹600 crore to set up ethanol plants in India to meet its sustainable goals.
“The company runs the largest private fuel network in the country and setting up ethanol plants will mark a significant step towards achieving downward integration within the energy sector,” it said in a statement.
Source Link : https://www.thehindu.com/business/nayara-energy-to-invest-600-crore-to-set-up-ethanol-production-plants/article68175523.ece
