Karnataka HC directs OMCs to honour ethanol offtake pact

State-run oil companies must honor their ethanol offtake agreements, a high court ruled, offering a significant boost to dedicated ethanol producers. The court rejected the oil marketing companies' attempt to deviate from contractual commitments, emphasizing that arbitrary actions cannot be disguised as discretion. This judgment provides crucial relief to ethanol manufacturers who invested based on these long-term pacts, ensuring they receive their contracted quantities.

Raccontata daeconomictimes.indiatimes.com