Modi Naturals Ltd. (MNL), through its subsidiary Modi Biotech, has secured a significant order worth INR 300 crore from Indian Oil Marketing Companies (OMCs) for the supply of 41,600 KL of ethanol.
This order, to be fulfilled over four phases in the upcoming Ethanol Sugar Year (November to October), is set to enhance MNL’s financial performance and align with India’s push toward sustainable biofuel solutions.
Akshay Modi, Managing Director of MNL, expressed enthusiasm about this milestone, highlighting its alignment with the government’s vision for renewable energy and MNL’s commitment to boosting production capacity to meet rising demand in the biofuel sector.
“We are extremely happy with the progress achieved so far since the commissioning of plant last year, receiving an order of Rs.300 Cr for next ESY is a remarkable milestone achieved this year as well. This significant increase of order for Modi Naturals will be a game-changer for our financial performance. We are committed to the PM’s Vision of Biofuel and are already working on increasing our production capacity and for Phase II expansion to maximize the production capacity. This year our immediate focus is to build on our robust branded business division, we are confident that the ethanol segment will drive future growth and propel our success.”
