Almondz Global Securities Positioned for Growth Amid India's Ethanol Policy Shift

Almondz Global Securities Positioned for Growth Amid India's Ethanol Policy Shift​

New Delhi, June 11, 2026 - Almondz Global Securities Limited (AGSL) is strategically positioned in the renewable energy sector following the Government of India's decision to exempt petrol blended with 22% to 30% ethanol (E22-E30) from excise duty. This policy change, coupled with the launch of E85 fuel for flex-fuel vehicles, marks a significant acceleration of India’s National Biofuel Programme and is expected to drive increased ethanol consumption nationwide.

Almondz benefits through its Special Purpose Vehicle (SPV), Premier Green Innovations Private Limited (PGIPL). AGSL holds a 40.99% equity stake in PGIPL, which operates as a dedicated producer of grain-based fuel ethanol. Avonmore Capital & Management Services Limited, the holding company of AGSL, holds an additional 8.88% stake. The Almondz Group exercises significant influence over PGIPL's strategic growth initiatives.

The Government's move is part of a broader commitment to reducing dependence on imported fossil fuels and promoting sustainable economic growth. Following the implementation of E20 fuel, the Bureau of Indian Standards (BIS) has now notified specifications for E22, E25, E27, and E30 fuel blends.

The excise duty exemption for these higher ethanol blends removes a major cost barrier, making them more economically appealing. The introduction of E85 further expands the market by creating a new demand segment for fuel-grade ethanol.

PGIPL Operations and Market Presence​

PGIPL has been operating since 2015 and is noted as one of the leading ethanol producers in northern India. The company is empanelled with Oil Marketing Companies (OMCs) under the Ethanol Blended Petrol (EBP) Programme.

The company maintains a dual manufacturing footprint across two key states:

Policy Impact and Growth Opportunities​

The incentives provided by the Government are expected to create strong long-term demand drivers for the ethanol industry. As blending levels advance toward E22-E30 and new categories like E85 gain traction, OMCs will require substantially larger quantities of ethanol to meet rising consumer demand.

For PGIPL, this transition translates into several growth opportunities:

• Increased Procurement Demand: The progression from E20 to E30 blending levels could potentially increase ethanol requirements by up to 50% per litre of blended petrol, providing a large incremental demand pool for established manufacturers.
• Improved Capacity Utilisation: With facilities in both Himachal Pradesh and Odisha positioned to meet rising procurement demands, increased off-take is expected to lead to higher plant utilization and improved operational efficiencies.
• Revenue Growth Potential: Expanded production capabilities combined with growing ethanol demand offer PGIPL the chance to increase sales volumes and strengthen its revenue base across multiple markets.

Long-Term Demand Visibility​

The combination of BIS standards, fiscal incentives, and OMC procurement programs provides long-term policy certainty and stable demand visibility for ethanol producers. This environment supports sustained investment in capacity utilization within the sector.

Management commentary from Almondz Global Securities Limited stated that India's ethanol blending program represents one of the most transformative energy initiatives in recent decades. The company believes that the government’s latest measures offer a clear pathway toward significantly higher ethanol consumption, establishing a larger addressable market for PGIPL and reinforcing the long-term growth prospects of its green fuel business.

ALMONDZ Stock Price Movement​

Shares of Almondz Global Securities Limited are edging higher to ₹13.63 as of 3:25 PM today, climbing 0.37% in live trading. The equity sees activity through 42,810 shares, indicating consistent interest during the current market session.