Business Update29 Oct 2024, 04:44 pm
Modi Naturals Secures INR 300 Crore Order from Indian OMCs, Set to Boost Capacity and Expand Operations
AI Summary
Modi Naturals Ltd., through its subsidiary Modi Biotech Private Limited, has received an order of INR 300 crores for 41,600 KL of ethanol from various OMCs. This order will be fulfilled in four phases over the Ethanol Sugar Year, positively impacting the company’s balance sheet and its mission of providing sustainable energy solutions. This significant milestone is a result of the growing demand for biofuels in the country, in line with the Government of India’s push towards cleaner energy alternatives. Modi Biotech, a key player in the biofuel sector, is committed to driving innovation and expanding the use of renewable energy sources.
Key Highlights
- Modi Naturals received an order of INR 300 crores for 41,600 KL of ethanol from various OMCs.
- The order will be fulfilled in four phases over the Ethanol Sugar Year.
- This order will positively impact the company’s balance sheet and its mission of providing sustainable energy solutions.
- Modi Biotech is a key player in the biofuel sector, committed to driving innovation and expanding the use of renewable energy sources.
- The demand for biofuels is growing across the country, in line with the Government of India’s push towards cleaner energy alternatives.