India Glycols Limited has bagged orders to supply 18.06 crore litres of ethanol, valued at ₹1,264.20 crore, under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) from November 1, 2024, to October 31, 2025. The company announced that it received these allocations through tender participation.
Key Oil Companies Award Contracts
Oil Marketing Companies (OMCs) – Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL) – have awarded significant contracts to India Glycols.
Additionally, private oil companies, including Reliance Industries Ltd. and Nayara Energy Limited, have also placed ethanol supply orders.
Supply from Kashipur and Gorakhpur Plants
India Glycols will supply ethanol produced from Damaged Food Grains (DFG) and Surplus Food Corporation of India (FCI) rice.
The company will source the ethanol from its manufacturing plants located in Kashipur and Gorakhpur during the ESY 2024-25 period.
Breakdown of Contract Value
OMCs have awarded contracts for 17.53 crore litres of ethanol, amounting to ₹1,227.10 crore. Meanwhile, private oil companies have placed orders for 0.53 crore litres of ethanol, valued at ₹37.10 crore.
Future Allocations Expected
India Glycols indicated that OMCs will release additional tender allocations separately for the ESY 2024-25.
As reported by chinimandi.com, this suggests potential further expansion of the company’s ethanol supply commitments in the coming months.
