Deals30 Nov 2023, 05:08 am
Modi Naturals Limited Receives Order Worth Rs. 230 Crores for Its Ethanol Division
AI Summary
Modi Naturals Limited, a leading consumer goods company, has received an order worth Rs. 230 crores from various OMCs for its ethanol division. This is the company's first order for its newly commissioned ethanol facility, and it is expected to be transformative for the company's balance sheet. The order will be fulfilled in four phases, and the company expects to stabilize the plant production in the next few weeks before undertaking Phase II to expand the facility to its full capacity.,
Key Highlights
- Received order worth Rs. 230 crores for its ethanol division
- First order for newly commissioned ethanol facility
- Expected to be transformative for the company's balance sheet
- Order will be fulfilled in four phases
- Company expects to stabilize plant production in the next few weeks before undertaking Phase II