Ethanol stock under ₹50 jumps 15% after it completes setting up of grain-based ethanol plantEthanol stock under ₹50 jumps 15% after it completes setting up of grain-based ethanol plant

Introduction:

Leading ethanol producer has successfully completed the setup of its 150 KL per day grain-based ethanol plant. With regular trials and final testing underway, the company is gearing up for commercial production, strengthening its position in the expanding biofuel market.

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Share price movement of Pasupati Acrylon:

On March 11, 2025, Pasupati Acrylon Ltd opened at ₹43.95, up 2.90% from its previous close of ₹42.71. The stock surged to a high of ₹49.50 (15.89%) and a low of ₹43.95. By 11:06 AM, it traded at ₹49.14, a 15.06% increase, with a market cap of ₹438.00 crore.

Pasupati Acrylon Completes 150 KL Per Day Grain-Based Ethanol Plant Setup:

Pasupati Acrylon Limited has successfully completed the setup of its 150 KL per day grain-based ethanol plant. The company has initiated regular trials and final testing, marking a key milestone in its expansion into the ethanol production sector.

The plant is expected to enhance the company’s revenue stream and contribute to the growing ethanol market. With the completion of this facility, Pasupati Acrylon is well-positioned to capitalize on the government’s ethanol blending program and increasing demand for biofuels.

The company has assured that commercial production will commence soon, with further updates to be shared with the stock exchange. Following this announcement, Pasupati Acrylon’s stock surged 15%, reflecting strong investor confidence in the company’s ethanol project and future growth prospects.

Stock performance of Pasupati Acrylon for Period of 1 week, 6 months, and 1 year:

Pasupati Acrylon Ltd delivered a 7.44% gain over the past week, recovering from a six-month decline of 31.3%. Despite volatility, the stock maintained a 4.52% yearly return, reflecting mixed performance amid market fluctuations and sector-specific developments.

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Shareholding pattern of Pasupati Acrylon:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	65.90%	65.90%	65.90%
FII	0.50%	1%	0.60%
DII	0.20%	0.20%	0.20%
Public	33.40%	33.40%	33.30%

About Pasupati Acrylon:

Pasupati Acrylon Ltd (NSE: PASUPTAC), incorporated in 1990, manufactures acrylic fiber, tow, tops, and cast polypropylene (CPP) film. Operating under the ACRYLON brand, it collaborates with SNIA BPD, adhering to ISO 9001:2015 and OKEO TEX standards.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.