Alternative Fuel Business Raising Seed Funds In Navi Mumbai
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About Business
Presently, the business has been in the logistics and transportation sector for the last 8 years. Specialized in the transportation of Municipal Solid Waste from Municipal Dumps to Cement plant.
Now the founder wishes to diversify the process of MSW to RDF (Refused Derived Fuel). As per the Government of India, Cement Plants & Power Plants are allowed to mix up to 25% of RDF in coal as fuel.
Looking forward to funding to set up the process plant. Initially, the focus will be on supplying to the cement industry. They have good contact and are already transporting the material to cement plants.
The process plant site shall be near the Cement plant, presently planning to be set up in Gujarat, as they have an understanding with the cement plant for the supply of RDF.
The blueprint and groundwork were completed. Machine manufacturer identified. The founder is now seeking an investor to launch the project (funds for machines). Funds requirements are of the tune of INR 1.00 Cr.
As per macro-level projections, the monthly production is expected to be 3,000 tons at a revenue of INR 2,300 per ton and a monthly turnover of 69.00 lacs. With a margin of 15% plus. The setup period is estimated to be 70 days, as the machine is made to order, and the supply & installation time is 60 days.
Clientele type
The cement industry will be the main clientele.
Premises
The process plant site shall be near the Cement plant, presently planning to be set up in Gujarat.
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 1.50 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The founder is looking to raise the see funds to commence the business.
More Details
The production site is already secured in Gujarat, with the blueprint and groundwork completed. The founder is now seeking an investor to launch the project.
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