Modi Biotech Private Limited, a wholly owned subsidiary of Modi Naturals Limited, was incorporated on 27 April 2021 with an aim to manufacture grain-based ethanol. The company has set up a 110 KLPD grain-based ethanol distillery along with a 5.5 MW captive power generation plant on a land measuring 24 acres, in Raipur, Chhattisgarh. The total project cost is Rs. 139.77 crore.
MBPL has an in-principle approval for a 210 KLD distillery for manufacturing ethanol from the central government, along with signing an MoU with the Chhattisgarh government. The organisation has planned an investment of approximately Rs 250 crore in the next couple of years.
The government has allowed 20% ethanol blending with gasoline and has directed public sector oil marketing companies (OMCs) to sell ethanol-blended petrol. This program, in which OMCs sell petrol blended with ethanol, has been extended to the entire country.