Upcoming Biodiesel Plant Raising Funds In Nashik
About Business
A biodiesel manufacturing project is nearing launch and is seeking additional funding of Rs 15 crore to complete its capital requirement.
Project Status
The project has received the required government approval and is ready to move into the setup and commissioning stage.
Funding Position
The total funding secured so far is Rs 100 crore, made up of:
Bank funding: Rs 60 crore, already received.
Promoter contribution: Rs 40 crore, already invested by the founder.
Funding Requirement
An additional Rs 15 crore is required. The need has arisen because the cost of machinery and some additional equipment has increased since the original budget was prepared. The funds will go towards meeting this gap and completing the plant setup.
The additional Rs 15 crore represents about 13% of the total project cost of Rs 115 crore, with the remaining 87% already committed.
Clientele type
The main customers will be Oil Marketing Companies for diesel blending, with additional sales to bulk users such as industrial consumers and transport fleets.
Premises
OWNED
Premise Size: 8 Acres
Market Value (in INR): 14.00 Cr
The project sits on an 8-acre site, with about 1 to 1.5 acres of infrastructure already built up.
What’s on offer
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 15.00 Cr
Minimum ticket size
INR 10.00 Cr
Reason
Purchase machinery / equipment
Set up / complete a facility
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
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