Godavari Biorefineries is Madhu Kela's latest investment
Posted: Sat Nov 02, 2024 7:53 am
Madhu Kela bought ₹17 Cr of Godavari Biorefineries on its IPO debut for ₹336. IPO was at ₹352 & listed at a discount of 12.5%. Co has a M-Cap of ₹1800 Cr. It is one of the largest producers of ethanol. Govt is promoting ethanol as a green fuel substitute for diesel & petrol.