Indian Glycols Limited has announced that it has been allocated 18.06 crore liters of ethanol for supply under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year 2024-25 (November 1, 2024 – October 31, 2025). The total estimated value of this allocation stands at ₹1,264.20 crore.
Key details of the allocation:
- Awarding Entities: The ethanol supply allocation has been awarded by Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL) (collectively referred to as Oil Marketing Companies or OMCs), along with Reliance Industries Limited and Nayara Energy Limited (referred to as Oil Companies).
- Breakdown of allocation:
- OMCs: 17.53 crore liters valued at ₹1,227.10 crore.
- Oil Companies: 0.53 crore liters valued at ₹37.10 crore.
- Supply Source: The ethanol will be produced from Damaged Food Grains (DFG) and Surplus FCI Rice at Indian Glycols’ Kashipur and Gorakhpur plants.
- Execution Period: The allocation is for the Ethanol Supply Year (ESY) 2024-25, spanning from November 1, 2024, to October 31, 2025.
This allocation strengthens Indian Glycols’ presence in the ethanol supply chain, aligning with India’s ethanol blending targets for sustainable fuel initiatives. The company confirmed that this allocation does not involve related-party transactions and is a domestic contract.
Indian Glycols continues to play a significant role in the ethanol industry, contributing to the government’s biofuel and energy security goals under the National Bio-Energy Policy.
