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Sugar stocks extend rally; Triveni, Dhampur, Uttam Sugar zoom up to 18%

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months.

Sugar, Ethanol, Sugarcane
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Workers load a bundle of sugarcane onto a truck while harvesting the crop in the Jalana district of Maharashtra, India | Bloomberg

SI Reporter Mumbai
Shares of sugar companies continued their upward movement rallying up to 18 per cent on the BSE in Monday’s intra-day trade due to heavy volumes on strong outlook.

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months. Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol.

The road transport and highways minister said companies like TVS Motor and Bajaj Auto have already started producing flex-fuel engines for their two and three-wheelers. According