Home / Economy / News / OMCs float fresh tender for procuring 910 million litres of ethanol

OMCs float fresh tender for procuring 910 million litres of ethanol

Domestic sugarcane value chain getting lucrative with ethanol 'topping'

Premium

3 min read Last Updated : Mar 14 2019 | 11:48 PM IST

“Considering the current ethanol capacity of 3.8 billion litres, we will cross 10 per cent blending with petrol in the next year itself. The year thereafter could see us substituting even 15 per cent of the country’s petrol consumption,” said Abinash Verma, director general, Indian Sugar Mills Association.

Earlier, the OMCs had floated tender of 3,300 ML, comprising 660 ML for ethanol manufactured from B-heavy molasses/sugarcane juice/damaged foodgrains and 2,630 ML from C-heavy molasses.

Later, the OMCs finalised tender to lift more than 2,593 ML, of which 301 ML has been supplied so far.

Now, a second tender

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in