- Bulk of the bio-diesel to be procured is expected to be an imported crude palm-oil derivative, the technology for which is patented by a publicly listed Malaysian firm Carotech Bhd.
- Carotech Bhd has formed a 50:50 joint venture with an Indian firm, Khard Soaps Pvt Ltd, called Khard-Carotech, which is expected to supply bulk of the Railways’ requirement (about 44,000 kilo litres).
- The remaining bio-diesel requirement of Railways (about 6,000 kilo litres) may be supplied by two Indian firms listed below :—
- Southern Online (Listed company named "Southern Online Bio Technologies" - http://www.sol.net.in/, One can invest ONLY after demerger of its ISP division, other entity will be purely Bio Fuel, it has potential but need monitoring quite often).
- Royal Energy (http://www.royalenergy.co.in and unlisted company from RK Agarwal Group, One of the Group’s companies, Hanil Era Textiles, is a listed company, with pathatic return to shareholders).
- However, these firms are likely to supply jatropha-based bio-diesel. Currently, these domestic companies are unable to match the rates offered by Khard-Carotech. Thus, they will only be able to supply bio-diesel if they match the Khard-Carotech price.
- HBJ Capital Team.
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