Ethanol Project
Government of India is promoting blending of Ethanol with Petrol products so that there is saving in import of crude oil and also conservation of valuable foreign exchange.
Services to be offered by Orbit Consultants :
Project Funding
It is expected that India will triple production of Ethanol to 450 crore liters in next four years which would save Rs.12000 Cr of foreign exchange.
To boost Ethanol production Government of India is supporting with Project Funding through banks.
Term Loan For Setting Up Plants
Govt of India procures Ethanol for blending with Petrol through State owned Oil companies and Ethanol producer has to supply the production to oil companies through process of submission of Tender. Govt oil companies IOCL, BPCL and HPCL have floated tender to supply of 329 Crore Litres of Ethanol during the one year period starting from Dec-2018 to November 2019.
Orbit Consultants Target Market and Consultancy for fund raise. Our is offering specialised consultancy in fund raising for upcoming as well as existing Ethanol Plants. Working capital funding through banks and market credit through wholesalers. Long Term Supply arrangement - for Rectified Spirit at competitive rates to Ethanol Plants. Export Credit for ENA exports.
Update :
Oil companies have been regular in payment and support prices of Ethanol has also been increased by Govt of India from existing Rs.40.85 per litre to Rs.43.46 per litre ( for C heavy Molasses) and Rs.47.13 per litre B heavy Molasses for period beginning Dec-2018 to November 2019.
