Modi naturals receives Rs 240 Crore Ethanol order (Grain based) from BPCL, IOCL, HPCL
There are 100’s of Grain based 1G- ethanol plants of different sizes are at various stages of operation and as of today, Grain based ethanol comprises of 1/5 th of total ethanol requirement.
Recently, a lot of established players are jumping in to Grain based ethanol (1G). Modi naturals is the latest one-an edible oil company well known (there is a valuepickr thread) has diversified in to Grain based ethanol production which was commissioned in Sept 2023 with a capacity of 250 KLPD. They got their first order of 3.72 Crore litres of ethanol for Rs 240crore.
Bihar is a maize surplus state. There are some 15 megs plants coming up, two of them are already in operation.
There is yet another company Fertiliser cooperative Krishak Bharati Cooperative Ltd (KRIBHCO) is investing around INR 1,100 crore to set up three ethanol manufacturing plants using maize and broken rice as feedstock. These three plants are being set up in Gujarat, Telangana and Andhra Pradesh with a capacity of 250 kilo litre per day.
All this will ease the issue of Sugar ethanol in coming days.
2G ethanol plants are also coming up in big ways. All this will ensure flexibility in getting ethanol for the ambitious petrol blending program and save forex and ensure carbon foot print and sustainability.
For Praj , there would not be any dearth of future orders inflow
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