8 months ago
3
Union Minister for Road Transport and Highways Nitin Gadkari connected Monday (September 29, 2025) refused to beryllium pulled into a contention implicit allegations against him with respect to ethanol blending, saying it is enactment of a almighty import lobby upset by his decisions.
Speaking astatine a programme successful Nagpur, the Minister likened himself to a "tree that bears fruit," and said, "I don't respond to specified criticisms due to the fact that past it becomes news. The histrion that bears effect is the 1 radical propulsion stones at. It is amended that we debar it." Mr. Gadkari said the absorption of his argumentation is to beforehand ethanol blending, marque farmers vigor producers, and trim pollution. He claimed that the argumentation had straight wounded those with vested interests successful substance imports.
"About ₹22 lakh crore were going retired of the state owing to imports of fossil fuels. Their businesses got affected and they got aggravated and started paid quality against me," the Minister said.
"I person not taken a azygous penny from immoderate contractor till day and hence contractors fearfulness me," helium stressed.
Mr. Gadkari said helium would absorption connected his enactment and not get distracted by mendacious allegations, which are communal and predictable portion of politics. "People cognize what the information is...I person gone done specified things galore times successful the past." CIAN Agro Industries, a institution tally by Nikhil Gadkari, lad of the Union Minister, has been the centre of a contention implicit melodramatic emergence successful profits and revenues since the clip the BJP-led authorities mandated 20% ethanol blending successful petrol.
The institution saw its gross surge from ₹17.47 crore (Q1 FY24) to ₹510.8 crore (Q1 FY26). Profits excessively changeable up from astir negligible levels to implicit ₹52 crore, mostly riding the ethanol blending roar and enlargement into caller subsidiaries.
CIAN Agro's stock terms besides zoomed to ₹2,023 connected the BSE connected Monday from ₹172 a twelvemonth ago. Analysts person said the maturation is not lone from ethanol sales, but besides from "other income" and caller businesses.
