Shares of Praj Industries Ltd. gained as much as 7% on Thursday, January 16, ahead of the Union Cabinet meeting and its outcome later in the day. Sources told CNBC Awaaz that a decision might soon be taken to increase the prices for Ethanol. The price of B-Heavy Molasses can be increased by ₹1.82 per litre, while those for cane juice can be increased by ₹1.31 per litre, according to the sources.
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Vijay Kedia portfolio: The December quarter shareholding pattern for Elecon Engineering showed that ace investor Vijay Kedia slashed his stake in the company following a tepid stock price performance. Vijay Kedia held 24,50,000 shares of Elecon Engineering, representing a 1.09% stake in the company, at the end of the December quarter.
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A long-awaited tender to upgrade a major waterway that ships crops worth tens of billions of dollars a year to global markets is coming under fierce criticism, including from two suitors that accuse Argentina’s government of favoring the current contractor. President Javier Milei’s administration started a tender process in November for a 30-year contract to keep bulk carriers sailing up and down.
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