AIDA writes to IOCL to release PRC penalty amid stoppage of FCI rice for ethanol production

The All India Distillers’ Association (AIDA) has written a letter to Indian Oil Corporation Ltd. (IOCL) requesting the OMCs to release the penalty under the Price Reduction Clause (PRC) and security deposit amount to Premier Alcobev Pvt. Ltd. and Shamanur Sugars Limited, both members of the Association, due to the cancellation of FCI rice supplies … Continue reading AIDA writes to IOCL to release PRC penalty amid stoppage of FCI rice for ethanol production