Grain-Based Ethanol Plant for Sale in South India - Greenfield Project

Buyer Profile: Existing ethanol / biofuels / integrated sugar / chemical players seeking capacity addition, geographic diversification and optionality into ENA/chemicals.

• Asset Type: Greenfield, multi-grain fuel ethanol manufacturing plant
• Installed Capacity: 200 KLPD (maize), ~230 KLPD (rice), Provision to scale up to ~300 KLPD
• Project Status: ~80–85% complete; targeted COD in the coming quarters
• Transaction Type: Majority stake / 100% stake sale or Significant minority stake (~25%+) with defined path to higher ownership

Manufacturing & Infrastructure

• Multi-grain ethanol plant with DDGS and by-product integration
• Captive ~6.25 MW power plant with headroom for future expansions
• Flexible fuel mix: coal and rice husk
• Proximity to railhead and highways for efficient inbound feedstock and outbound ethanol logistics
• Located in a grain-surplus catchment ensuring raw material availability

Regulatory & Incentives

• Industrial approvals and land conversion completed
• Environmental Clearance under legacy B2 regime (no public hearing), providing timing and execution advantage
• Key state-level approvals secured; balance statutory approvals to be completed pre-COD
• Long-Term Agreement (LTA) signed with PSU Oil Marketing Companies
• Registration under the DFPD scheme for grain-based ethanol with 50% interest subvention on eligible term debt for initial years

Products & Services

• Fuel Ethanol (Grain-Based)
• By-products: DDGS (Dried Distillers Grains with Solubles), CO₂ (recoverable, subject to integration) and Power/steam (captive utility support)

Additional Information

• Total Project Cost: ~₹280–285 crore (including IDC & working capital margin)

• Steady-State Financials:

  • Revenue: ~₹400–450 crore

  • EBITDA: ~₹90–110 crore

  • PAT: ~₹45–55 crore

• Project IRR: Mid-teens (management case)