Modi Naturals bags ₹300 crore order via its subsidiary Modi Biotech (MBPL). The order is to supply 41,600 KL of ethanol to various Indian Oil Manufacturing Companies (OMCs). This landmark deal strengthens Modi Biotech’s position in sustainable energy, positively impacting its balance sheet.
Modi Naturals’ ₹300 crore Order to Be Delivered Over Four Phases
This order will be fulfilled in four phases over the Ethanol Sugar Year (ESY), from November to October. MBPL will also generate additional revenue from by-products produced during ethanol manufacturing.
Rising Demand for Biofuels in India
This order aligns with India’s increased focus on biofuels. The Government of India is pushing for cleaner energy alternatives, and the demand for biofuels is growing nationwide.
Commitment to Renewable Energy
Modi Biotech has emerged as a significant player in the biofuel sector, driving innovation and renewable energy expansion. “The ₹300 crore order is a major milestone, reflecting our plant’s steady progress since commissioning last year,” said Akshay Modi, Managing Director of Modi Naturals Ltd.
Future Growth and Expansion Plans
Modi Biotech aims to increase production capacity and expand Phase II operations to meet demand. The company plans to invest in advanced infrastructure and technology, ensuring timely delivery and compliance with OMCs’ quality standards.
Supporting India’s Vision for Cleaner Energy
Modi Naturals is committed to transitioning towards cleaner energy. This is in line with India’s goal to reduce dependence on fossil fuels and lower carbon emissions.
