Newly Opened Ethanol Fuels Company For Sale In Madurai
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Product / Service
They supply ethanol and distiller's dried grains with soluble (DDGS) to oil manufacturing companies (OMCs).
Clientele type
They have tie up with oil manufacturing companies.
Premises
OWNED
Premise Size: 18 acres
Market Value (in INR): 150,000,000
Asking Price Includes
The asking price includes land and all approvals to commence operations with physical assets worth INR 15 crore.
Reason
The promoters have decided to diversify into another business and no longer want to continue with this one.
Other Details
They started this business in the last of 2023, It is a grain-based distillery to produce ethanol for Oil Marketing Companies (OMCs), with capacities of 120 KL for broken rice and 106 KL for maize. They have agreements with HPCL, IOCL, and BPCL. They have completed key construction, including a security cabin, weighbridge, and rainwater harvesting well. The roads within the plant are almost finished.
Ethanol usage in India is set to rise due to increased demand for biofuel, alcoholic beverages, and high production levels. According to a report, India's ethanol market is expected to reach USD 4.15 billion by 2029, with a CAGR of 9.16% from 2023 to 2029.
The company is registered under MCA and has obtained necessary approvals. The team includes a Vice President, an AGM of Engineering, a Civil Manager, and three staff members.
Capitalization Overview:
The promoters have self-funded the project, with four family directors each holding a 25% stake. The business has no debt.
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₹10 to ₹200 Cr
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