Modi Biotech Private Limited (MBPL), a wholly-owned subsidiary of Modi Naturals Limited, is poised for accelerated growth with a significant expansion of its production capacity.
The company is investing ₹100 crores to enhance its infrastructure and integrate cutting-edge technology. This expansion will significantly boost MBPL’s ability to meet the increasing demand for biofuels.
New Project to Add 180 KLD Capacity
As part of its ambitious growth plans, MBPL has already placed orders and commenced construction on a new project.
This will add 180 KLD to the company’s existing capacity of 130 KLD, bringing the total production capacity to an impressive 310 KLD.
The company expects to complete the new expansion within 8-10 months, positioning MBPL to strengthen its market presence further.
Strategic Investment in Sustainable Energy
The expansion aligns with MBPL’s mission to contribute to India’s transition towards sustainable energy.
The company currently operates a 130 KLD grain-based ethanol distillery and a 5 MW captive power generation plant in Raipur, Chhattisgarh.
The facility is already producing high-quality ethanol, and the addition of new capacity will further enhance its ability to supply biofuels to meet growing demand.
Securing Major Order for Ethanol Supply
In a major boost to its operations, Modi Biotech has secured an order worth Rs. 300 crores. The order is for 41,600 KLD of ethanol from various Oil Marketing Companies (OMCs).
The order strongly validates the company’s manufacturing capabilities. It also highlights its ability to meet the ethanol requirements of the industry.
Commitment to Growth and Innovation
“We are driving growth and innovation in the biofuel sector. This expansion is a significant step towards achieving our goals,” said Akshay Modi, Managing Director of Modi Naturals Ltd.
He further emphasized, “This significant order is a resounding validation of our capabilities and unwavering commitment to delivering high-quality ethanol. We are proud to contribute to India’s vision of reducing dependence on fossil fuels and promoting sustainable energy solutions. With the expanded production capacity, we are confident in our ability to meet the rising demand for biofuels. This also supports government initiatives to reduce carbon emissions and enhance energy security”.
Aligning with National Sustainability Goals
The expansion is a crucial milestone in MBPL’s growth trajectory and will positively impact the company’s balance sheet.
The government’s emphasis on cleaner energy alternatives and the nationwide expansion of the ethanol-blended petrol program position Modi Biotech well. The company is set to capitalize on the increasing demand for biofuels.
As per the press release, the company is dedicated to innovation and sustainable growth. This commitment aligns with India’s goal of reducing dependence on fossil fuels and lowering carbon emissions.
