Jagatjit Industries Limited will set up a grain-based ethanol plant with a capacity of 200 KLPD at Hamira in the Kapurthala district of Punjab, reports EquityBulls.
The Board of Directors of the company has approved the proposal in its meeting held yesterday.
According to the media report, the capacity will be added within 12 months from the date of in-principle approval from the concerned Ministry and sanction of loan. The company plans to borrow Rs 185 crore loans from banks and Rs 15 crore from internal sources.
PURCHASE Product Name: Methanol
Specification: 99.8%. (will be used chemical products)
Country of origin. Not required.
Packing : in bulk for package
Monthly delivery quantity : 50,000 metric tons
Contract term. 3-5 years
Port of arrival: Nanjing and Hainan
Payment terms details: 100% DLC+MT103 for buyer, PB2% for trader