Almondz Associate PGIPL Secures 12.82 Cr Litres Ethanol Allocation

Almondz Global Securities' associate, Premier Green Innovations Private Limited (PGIPL), has secured a significant ethanol allocation of 12.82 crore litres from Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2026-27. This allocation is split between PGIPL's Himachal Pradesh plant (6.44 crore litres) and its newly commissioned Odisha plant (6.38 crore litres). The Odisha plant's allocation represents approximately 97% of its capacity in its first year of operation, indicating strong initial utilization. This achievement comes amidst a highly competitive tender where industry offers significantly exceeded OMC requirements. PGIPL secured about 87% of its bid quantity. The increased allocation is expected to nearly double PGIPL's revenue in the next financial year.