Business Update17 Aug 2026, 09:00 pm
Modi Naturals Subsidiary Secures ₹140 Cr Ethanol Order
AI Summary
Modi Naturals Ltd (MNL), through its wholly owned subsidiary Modi Biotech Private Limited (MBPL), has received an additional allocation of 1.98 crore litres of ethanol for the Ethanol Supply Year (ESY) 2025-26. This order is valued at an estimated ₹140 crores and supplies are expected to continue until October 2026. This new allocation is in addition to an existing order worth approximately ₹400 crore for ~47.9k KL from various Oil Marketing Companies (OMCs). The development signifies continued demand and expansion of ethanol supply contracts for the company's subsidiary.
Key Highlights
- Subsidiary Modi Biotech receives additional ethanol allocation.
- New order valued at ₹140 crores for ESY 2025-26.
- Supplies to extend until October 2026.
- Adds to existing ₹400 crore order from OMCs.
- Indicates strong demand for ethanol products.
Price Impact
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