Newly Opened Ethanol Fuels Company For Sale In Madurai

Listing ID: SL018326
Posted By: Owner
Last Active: 3 weeks ago
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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.

Business Tags

Newly Opened Ethanol Fuels Company For Sale In Madurai

₹10 to ₹200 Cr

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