BUZZ — India's Pasupati Acrylon hits record high on ethanol capacity expansion approval

* Acrylic fiber, cast polypropylene films maker Pasupati Acrylon's shares rise as much as 13.1% to a record high of 84.77 rupees apiece * Rise after PASA gets approval from the Uttar Pradesh state government to increase the manufacturing capacity of the ethanol plant in Thakurdwara to 240 kiloliters a day from 180 KL * Ethanol capacity is crucial for PASA as it is the third largest business segment for the company, as it diversifies beyond acrylic fiber and CPP films into fuel-grade ethanol production for the country's blending program * PASA's Uttar Pradesh plant began commercial production in 2025 * Approval allows PASA to boost its ethanol output by one-third, likely aiding revenue growth * PASA shares up 57.3% in 2026 so far, according to exchange data (Reporting by Bharath Rajeswaran in Bengaluru) ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;)