16, Dec 2023
NatureLand Organics Aims To Reduce Carbon Footprint With New Innovative Recyclable Packaging
NatureLand Organics has introduced innovative and revolutionary recyclable food packaging. The convenient packaging is a stand-up pouch with transparent window and zip-lock which ensures the ingredients remain fresh for a longer time. It is both convenient and would promote the idea of sustainability in the market, which is the need of the hour, internationally.
The 100% vegan food is preserved in the special packaging crafted from some of the top quality recyclable materials, to ensure that the content is not contaminated in any form. The added feature of a transparent window allows the customers to have a look at NatureLand’s high-quality ingredients inside and assess the same.
The zip lock mechanism is aimed at preserving the quality and freshness of the gluten and additives-free food items for a longer period of time. The packaging will be duly marked with the On-Pack Recycling Label (OPRL) with a Mobius Loop that denotes that the used pack can be recycled. These pouches are a testament to the company’s dedication to reducing its environmental footprint while delivering superior quality products to its valued customers.
“At NatureLand Organics, we believe in giving back to nature and community and we have harmonized our aim with our practices”, said Ajeet Godara, Co-founder of NatureLand Organics. “The introduction of these packaging is a testament to our commitment towards a better future and sustainable living. It is a reflection of what the whole idea behind organic food and living is”, he further added.
The change in packaging and introduction of environment-friendly pouches showcases NatureLand Organic’s commitment to the environment and also aligns with the company’s overarching mission to promote eco-consciousness. The company aims to reduce its overall carbon footprint and also to contribute towards the preservation of the planet with the introduction of these packages.
Consumers of the company’s products can now avail the same high-quality ingredients and premium-quality food articles in these sustainable, eco-friendly stand-up pouches.
- 0
- By Rabindra
16, Dec 2023
TIPS Industries onboards Kiran Dcruz as Senior Vice President for Brands and Partnerships
Bengaluru, 16 December 2023: TIPS Industries Ltd. (TIPS), a leading player in the music and entertainment industry, today announced the appointment of Mr. Kiran Dcruz as Senior Vice President for Brands and Partnerships. In his new role, Kiran will lead the strategy for the TIPS Music brand and build collaborative partnership between brands, artistes and music.
With over two decades across various Sales and Business Head roles in the TV, Radio and Music industry, Kiran Dcruz will bring his deep understanding of the entertainment sector to his new role. His expertise in strategy, music licensing, content creation and team management aligns seamlessly with TIPS Industries’ commitment to innovation and growth. Prior to joining TIPS Industries, Kiran served as Head – Brand Partnerships at Sony Entertainment Talent Ventures, where he played a pivotal role in setting up India’s first Metaverse consulting company for Brands and Talent.
Chairman and Managing Director, Mr. Kumar Taurani said, “We welcome Kiran to Tips Industries. We leverage his extensive experience to drive strategic brand initiatives and expand the company’s footprint in the evolving entertainment and media landscape. This is in line with our commitment of delivering 30% growth to our investors”
Mr Hari Nair, C.E.O, TIPS Industries mentions “Kiran is an experienced creative professional who has a proven track record in ideating and creating great partnerships between music, artists and brands. His expertise aligns very well with our objectives of opening up new revenue streams for Tips. I wish him the best”
Mr. Kiran Dcruz, Senior Vice President – Brands and Partnerships, TIPS Industries said, “I’m delighted to become a part of TIPS Industries, a goldmine of music content. Tip’s music is working wonders now & its perfect time to re[1]imagine opportunities, create music experiences through strategic brand partnerships. I look forward to contribute to the revenues & growth of our company”
Kiran has previously worked with brands like MTV, Fever, Red FM, Radio One and Sony Music Entertainment, handling multiple roles . At Sony Music Entertainment, he was the Director – Brand Partnerships & Music Licensing for eight years and was instrumental in setting up the Brand vertical. This was followed by his role as Head – Brand Partnerships at Sony Entertainment Talent Ventures prior to joining TIPS Industries.
16, Dec 2023
The Around.Us Application Elevates Travel Experiences with an Innovative Approach to Exploration
The Around.Us application streamlines user searches through an interactive map, showcasing the top 10 points of interest near their location worldwide. To explore these popular places, various options are available, such as geolocation, searching by location, or using keywords. Whether navigating a city, neighborhood, or street, Around.Us provides a list of the 10 nearest major points of interest, focusing on the essentials.
“This idea occurred to me during a stay in Carnac, in Brittany. I wanted to show my children a dolmen. By typing that word into Google, I got 15 creperies as results. As for Google Maps, it did provide me with a list of megalithic tombs, but it was impossible to know which one was the most interesting,” explains the creator of the application, Jean-François Pillou, also the founder of the website CommentCaMarche and the director of CCM Benchmark, Journal Du Net, and Linternaute (Figaro Group). He aims to offer new perspectives and ease of discovery to all travelers looking beyond the ordinary.
Uncovering hidden treasure
Beyond the must-see attractions, the application reveals a multitude of lesser-known monuments and sites. With its 16,000 filters, everyone can embark on discovering local heritage, natural sites, or forgotten monuments: from fountains to train stations, museums to haunted houses, suspension bridges to remarkable trees, and public gardens. Curious explorers around the world can enjoy locating these attractions. Around.Us references over 12 million selected sites, selected and ranked according to their popularity on a scale of 1 to 5 flames. This ensures visitors don’t miss major sites and also sparks interest in more secretive locations.
The enriched content of the application allows users to use it as a genuine travel guide. When a user clicks on the bubble or the frame of the place of interest, they discover a detailed sheet with its history, anecdotes, practical information, exact location, and a link to the website. Synthesized through an algorithm, the information is updated daily.
Enhancing the Journey for Indian Users
The creation of Around.Us was fueled by a desire to enhance the travel experience for adventurous travelers, setting it apart from traditional map applications such as Google Maps and Apple Maps. The application concentrates on the top 10 points of interest useful from a tourist perspective, providing a curated list that enriches travel experiences in a particular location.
India has emerged as a key user base, contributing to almost 150,000 out of the ever-growing 750,000 downloads. Currently, the number of daily users from India ranges between 3000 and 5000 users, accounting for around 20% of the 15-25K daily users globally.
Strong engagement has been seen from cities such as Patna, Lucknow, Indore, Nagpur, Ahmedabad, Jaipur, Agra, Hyderabad, Kochi, and Guwahati which are home to lesser-known monuments and sights with historical and cultural significance.
Expanding the Horizon
The application now features an impressive 12 million points of interest, including panoramic viewpoints, making virtually every city in India navigable through the Around.Us application. There are currently 97,000 tourist points of interest in India, including 27,000 geographical locations and 2,700 areas with heritage designations (World Heritage Sites, Monuments of National Importance, State Protected Monuments).
Community-Driven Curation
The curation process for the Around.Us application involves a proprietary algorithm, and in the future, the application plans to leverage its user community to further enrich the database with new locations, data, visuals, and videos. This community-driven approach ensures the application’s continuous improvement in utility and accuracy while continuously engaging the travellers it caters to.
Around.Us in numbers:
Available in 8 languages
Downloaded over 750,000 times since its launch in June
12 million monuments listed
Between 10,000 and 20,000 simultaneous users
250,000 requests per day
200,000 unique visitors in September 2023
16,000 keywords
16, Dec 2023
Chola Finance continues its dedication towards “Swaccha Odisha Gram Vikas Scheme in Odisha”
India, 16th December 2023: Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, reiterates its commitment towards environmentally sustainable energy for remote areas of Cuttack District. Even today the rural community in Odisha continues to face challenges like lack of access to basic infrastructure and services such as safe water and sanitation. Through its CSR project ‘Swaccha Odisha Gram Vikas phase VI’, Chola has provided to build individual household toilets connected by overhead water tanks. Additionally, solar panels will be installed to dig borewells, and supply electricity to each house.
Odisha with its rich cultural heritage and steady rise in literacy rate, grapples with inadequate access to clean water, insufficient sanitation facilities, health and education. Chola Finance is committed to provide better infrastructure facilities for health and sanitation and create awareness in remote areas on safe drinking water, sanitation and health.
For the FY2023-24, the ‘Swaccha Odisha Gram Vikas phase VI’ project will be implemented in Ekdal, Harijan Sahi and Bhaliadihi villages in Cuttack district of Odisha catering over to 500+ villagers. This mission will provide healthy living and create a sustainable environment for the people.
In order to mitigate continuous power cut in the region, the solar panels will be installed in the respective villages to provide uninterrupted electricity. This will help the people to run their water motors without any electricity issues. The power cables will be directly connected to the installed solar panels which will be helpful to reduce energy consumption and promote the use of clean energy.
In addition, there will be a series of awareness sessions conducted on safety hygiene, sanitization, healthy toilet practices to provide sustainable livelihood and training on minimal repair and maintenance of the solar units for smooth operation of the water supply line.
Mr. Ravindra Kundu, Executive Director of Cholamandalam Investment and Finance Company Limited highlighted the significance of this initiative, stating, “Chola Finance is focussed towards helping India achieve its Sustainable development Goals. As a part of nation building, we are thrilled to reiterate our commitment towards sustainable energy, taking strides towards a cleaner, greener future. By embracing renewable resources and cutting-edge technologies, we aim to drive positive change and inspire others to join us on this impactful journey. This mission will benefit the people of Ektal, Harijan Sahi and Bhaliadihi villages in Cuttack with better infrastructure for clean and healthy sanitation facilities. This is our sixth phase of the initiatives carried out in Odisha. We are looking forward to the impact we will bring through our continuous work in Odisha and aim to contribute towards cleaner and greener environment”
16, Dec 2023
IRB Infrastructure Trust (Private InvIT) – emerges as the preferred Bidder for NHAI’s TOT-13 Concession in the States of Rajasthan and Madhya Pradesh
New Delhi, December 16, 2023: IRB Infrastructure Trust (an Associate of IRB Infrastructure Developers Limited), has emerged as the preferred bidder for the TOT-13 concession announced by the National Highways Authority of India (NHAI), Viz. Tolling, Operation, Maintenance, and Transfer of Kota Bypass and Cable Stay Bridge on NH-76 (New NH-27) in the state of Rajasthan and Gwalior-Jhansi section in the State of Madhya Pradesh and Uttar Pradesh respectively.
The 110.28 Kms (~441 Lane Kms) long project is under Toll-Operate-Transfer (TOT) model and involves upfront consideration of Rs. 1,683 Crs to be paid to the NHAI after achieving financial closure to secure tolling rights for 20 Years (revenue linked Concession Period), within stipulated timeframe.
Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd., said, “This is second consecutive TOT win for us in a span of just a month and half, which is another testament of our strengths. This has strengthened IRB Infra’s leading position further in TOT space, which involves upfront payment of ~Rs 22,000cr to the government across 4 projects and expands our total asset base to ~Rs 77,000 Crs.” He added, “We express our sincere gratitude towards all authorities and stakeholders for their continued high trust and confidence in IRB. We would leave no stone unturned to achieve operational excellence to ensure the world class travel experience to the users.”
After the project getting awarded, the Company’s aggregate Order Book will reach approx. Rs. 37,500 Crs including TOT 12 and TOT 13.
16, Dec 2023
OTTplay Premium Adds More Regional Flavor with aha Telugu & Tamil, Deepening Roots in the Market
National, 16th December 2023: India’s first AI-powered streaming, recommendation, and content discovery platform, is thrilled to announce the strategic on-boarding of aha, a dynamic addition to its premium content lineup “aha”, renowned for its high-quality Telugu and Tamil-language content, brings a unique flavor to OTTplay Premium’s platform. This collaboration enhances the diversity of available content while also playing a crucial role in strengthening OTTplay Premium’s presence in the regional market.
With an extensive array of exclusive Telugu & Tamil movies, original series, and engaging shows spanning various genres, aha Telugu & aha Tamil with OTT play Premium is set to captivate the audience with its diverse and culturally rich content. This partnership is a testament to OTTplay Premium’s commitment to delivering unparalleled entertainment experiences to its subscribers and strategically aligns with aha’s expertise in providing top-notch Telugu and Tamil-language content.
“We are pleased to announce the addition of aha Telugu & aha Tamil to the OTTplay Premium portfolio. This collaboration extends beyond content expansion; it represents a transformative shift in the essence of entertainment. This partnership transcends boundaries; it’s a fusion of quality, cultural resonance, and the sheer joy of storytelling. We are confident that this collaboration will not only redefine streaming experiences but also establish a lasting connection with our esteemed regional audience” said Mr. Avinash Mudaliar, CEO and Co-founder, OTT play.
Mr. Ravikanth Sabnavis, CEO of aha, said, “We are delighted to announce this strategic partnership with OTT Play, a pivotal step in our ongoing mission to become an integral part of every Telugu and Tamil household. In the dynamic landscape of digital entertainment, aha envisions itself not just as a leading Telugu and Tamil OTT App but as a cultural companion for families across regions. With OTT Play, we are excited to amplify our efforts and reach an even wider audience. OTT Play’s reputation as a key player in the digital streaming realm aligns seamlessly with aha’s vision, making them an invaluable strategic partner on our journey. Together, we aim to redefine the entertainment experience, ensuring our exclusive content resonates with viewers on a profound level. As we forge ahead, we are eager to share the excitement and joy that our content brings to the OTT Play family.”
OTTplay Premium subscribers can now enjoy a seamless transition to aha’s Telugu & Tamil content, exploring a wide range of options from blockbuster movies to critically acclaimed original series, all while tapping into aha’s expertise in delivering exceptional Telugu and Tamil-language entertainment.
The expansion of the content horizon ensures that OTTplay Premium continues to be a go-to destination for entertainment enthusiasts seeking variety, quality, and innovation. This exciting collaboration reflects OTTplay Premium’s dynamic approach to staying ahead in the competitive streaming landscape, fostering creativity and audience engagement.
16, Dec 2023
Chtrbox’s social media wing ChtrSocial wins mandate for health-snacking brand Gouri’s Goodies
16th December, 2023; Mumbai, India: Leading influencer marketing agency, Chtrbox’s social media marketing arm, ChtrSocial has bagged the social media mandate for Gouri’s Goodies, a trailblazer brand in the health-snacking industry. As a part of the mandate, ChtrSocial is responsible for driving the brand’s digital presence and engaging with the audience through innovative social media strategies. Along with social media marketing, their responsibilities include end-to-end production, seamless shoot coordination, thoughtful design elements, and expert management assistance.
ChtrSocial aims at establishing Gouri’s Goodies as a lifestyle choice, beyond just a snack brand. ChtrSocial conceptualized and recently launched the brand’s maiden digital campaign ‘Guilt-free with Gouri’ along with a complete packaging and website refresh to follow soon that will converse with it’s customers in the same tonality. Kickstarting this brand campaign, ChtrSocial has started off with humanizing the brand with the story and face of it’s founder Gouri Gupta serving the audience with a relatable recall-worthy identity and a channel to imbibe her persona in the thought-provoking edutainment content on ‘guiltless living’. The campaign emphasizes the brand’s commitment to making living more wholesome and enjoying every bit of it, just like their tasty guiltless goodies.
Speaking on the account win, Chtrbox’s Darshil Shah, Director, ChtrSocial, said, “We are on a mission to humanize brands and it is great to have clients onboard who are ready to invest their efforts alongside us for the same. We are excited to work closely with Mrs. Gouri Gupta and tell their story to the world. We are equally vested in her vision of the much-needed shift from mindless to guilt-free living and there couldn’t be a better way to spread that message than through Gouri herself.”
Speaking on awarding the mandate to Chtrbox and ChtrSocial, Gouri Gupta, Managing Director, Gouri’s Goodies, said, “At Gouri’s Goodies, we believe in the power of food to bring people together, and partnering with ChtrSocial allows us to extend that philosophy into the digital realm.
This collaboration is not just about sharing delicious treats; it is about creating a community that values shared moments, meaningful conversations, and the joy of connecting over a shared love for good food. The energy and excitement of the ChtrSocial team is something that we have always appreciated.
We are delighted to collaborate with ChtrSocial, an agency that shares our commitment to fostering meaningful connections. Together, we look forward to elevating the culinary experience, sparking delightful conversations, and building lasting connections through this exciting collaboration.”
—
16, Dec 2023
Probus Insurance joins hands with Disney+ Hotstar for Pro Kabaddi League 2023
Mumbai, December 2023: After an overwhelming response during the ICC Men’s Cricket World Cup 2023, Probus Insurance, one of the fastest-growing Insurtech brands, yet again joined hands with Disney+ Hotstar for Pro Kabaddi League 2023. Like their previous association, Probus will again be the exclusive partner for the Action Replay bug for Pro Kabbadi League Season 10, featuring their brand ambassador, Bollywood celebrity Hrithik Roshan.
Pro Kabaddi League is the most popular Kabaddi league in the world. In a testament to its widespread popularity, the PKL League achieved a staggering viewership of 435 million during its last season, resonating with a diverse audience from avid sports enthusiasts to casual viewers, making it one of the most-watched sporting events in the country after the IPL.
Rakesh Goyal, Managing director of Probus, said in the announcement, “We are thrilled to embark on this new journey with exclusive rights for the Action Replay Bug for Pro Kabaddi League this season. Probus has a strong local footprint of 800+ cities, serving 15000 pin codes, where most of our penetration is rural. With this tie-up, we aim to reach out to the rural belt, where Pro Kabaddi League is also making the sport an aspiration for the people in Tier 2 3 cities, touching diverse segments of the population. This is exactly where our brand ethos binds us together, boosting the purpose of this association.”
Dhruv Dhawan, Head – Ads at Disney+ Hotstar, said, “At Disney+ Hotstar, it is our constant endeavour to enable our advertisers to meet their business goals by leveraging our tentpole events. We are delighted to associate with Probus across our marquee sports properties, such as the ICC Men’s Cricket World Cup 2023 and now the Pro Kabaddi League Season 10. We hope to continue to build on this association in the future as well.”
Probus’s online platform presents an array of insurance products, including motor, life, health, and SME. Having surpassed 1000 crore premium in the last year, the company has achieved a significant milestone. Aligned with IRDAI’s goals, Probus aims to expand into rural markets by deploying Bima Vahak, a specialized distribution channel, in every Gram Panchayat nationwide.
16, Dec 2023
Lenovo Launches New Hybrid Cloud Platforms and Services to Accelerate AI
● Lenovo unveils ThinkAgile Next-Gen Hybrid Cloud Solutions, featuring next-gen Intel Xeon Scalable Processors for enhanced AI performance and operational efficiency.
● Lenovo TruScale for Hybrid Cloud offers a versatile, scalable, and cost-effective AI performance-as-a-service solution.
Bangalore, December 16, 2023 – Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced significant enhancements to its hybrid cloud platform, elevating its capabilities for AI applications. This includes new ThinkAgile hyper converged solutions and ThinkSystem servers that deliver accelerated performance, management, and efficiency capabilities, powered by the next generation of Intel® Xeon® Scalable Processors. Designed to help customers take AI from concept to reality leveraging existing IT architecture, the expanded platform is a critical next step for delivering a dynamic hybrid AI approach across public, private, and personal foundation models in order to enable AI for All.
The new Lenovo ThinkAgile hybrid cloud solutions are engineered to boost AI performance and build cloud agility by delivering more compute and faster memory to its market-leading portfolio when and where it is needed. Additionally, Lenovo Professional Services for AI and TruScale as-a-service offerings help customers simplify IT and accelerate AI with new integrated hybrid cloud for edge capabilities that quickly help businesses grow and only pay for what they need.
“This launch marks a step towards strengthening our commitment to AI for All. Our new Hybrid Cloud Platforms propel innovation and offer to create a faster, more flexible path to AI,” said Sumir Bhatia, President – AP, Lenovo ISG. “With up to 15 percent better performance, customers can leverage these solutions to reduce their IT footprint, achieve greater ROI, and deliver accurate business outcomes. These solutions are offered in a consumption model and seamlessly integrate with existing IT infrastructure for a dynamic hybrid AI approach.”
“In the face of escalating data generation and technology initiatives, the demand for advanced processing capabilities for AI workloads is becoming imperative,” stated Amit Luthra, Managing Director – India, Lenovo ISG. “As Indian businesses undergo IT modernization, Lenovo recognizes and is dedicated to meeting the need for enhanced performance to accelerate AI applications. Our Hybrid AI solutions offer a scalable pathway for AI implementations, presenting cost-effective models that align seamlessly with the needs of diverse businesses in India.”
The next generation of Lenovo ThinkAgile hybrid cloud solutions and ThinkSystem servers with 5th Gen Intel Xeon Scalable processors feature built-in AI acceleration with Intel’s AMX technology – increasing efficiency while supporting AI inferencing and training on models up to 20 billion parameters. Additionally, the portfolio provides a unique open architecture with advanced management, superior reliability, and end-to-end security to help companies of all sizes work across hybrid multi-clouds.
AI for Hybrid Cloud
To keep up with business growth, IT teams need edge-to-data center solutions and cloud services that are deployment ready, compatible with existing infrastructure, and built for complex workloads out of the box. Optimized for AI, Lenovo ThinkAgile HX, MX and VX are engineered, turnkey hybrid cloud solutions with the new 5th Gen Intel Xeon Scalable processors and open ecosystem of partners, including Nutanix, Microsoft, and VMware. The new ThinkAgile integrated hybrid cloud solutions offer industry-leading cloud software enabling new capabilities, faster backup and recovery, and reducing deployment time up to 75%.
Lenovo continues to expand its portfolio with ThinkAgile VX with VMware Cloud Foundation (VCF) reference architecture, which enables enterprises to support hybrid cloud virtualized and containerized workloads. The new ThinkAgile MX450 Edge Integrated System with built in Azure Arc offers a compact solution that provides Azure cloud services and AI inferencing at the edge. Additionally, ThinkAgile HX AI for the Edge with Nutanix builds repeatable, scalable solutions to handle AI and machine learning compute or storage workloads remotely.
Lenovo partners with Intel to deliver the latest technology with support of their new CPU across the ThinkSystem portfolio of dense optimized, rack, and tower solutions. For compute-intensive workloads, Lenovo continues to extend its multi-node server capabilities with the SD530 V3, SD550 V3, and SD650- N V3 dense optimized servers powered by the new 5th Gen Intel® Xeon® Scalable processors enable customers to maximize processing power in half the space with up to 40% lower power consumption with Lenovo Neptune liquid cooling.
For enterprises, the robust Lenovo ThinkSystem SR650 V3 and SR630 V3 rack servers provide flexible configurations with optimized performance for AI workloads. For multi-site locations including branch offices and retail, the new Lenovo ThinkSystem SR250 V3 rack server and ST250 V3 tower server leverage Intel Xeon E-2400 processors with up to 21% higher overall performance to deliver flexible compute for the edge.
Enabling Cloud Agility
Lenovo is unleashing the power of AI to drive intelligent transformation in every industry – from pocket to cloud with purpose-built AI-ready devices, infrastructure, solutions, and services that empower industries, enterprises, and individuals around the world. Delivering the performance needed for accelerating AI applications, Lenovo TruScale for Hybrid Cloud offers as-a-service and fully managed on-prem data center solutions to flexibly create, shift, and scale capacity to fit changing business needs. Lenovo’s new TruScale Hybrid Cloud for Edge provides a cost effective, smaller configuration solution to support AI where needed and includes a self-service cloud management platform that allows more agility and control over data workloads.
In addition to its advanced hybrid cloud platform, Lenovo is helping customers accelerate AI implementation through its new Professional Services for AI. Powered by Lenovo’s vast knowledge base and global team of industry experts, the service is a single vendor solution that helps organizations make sense of AI and guides them through the most effective, end-to-end IT deployments that are tailored to achieve desired business outcomes quickly.
End users will also benefit from Lenovo hybrid cloud solutions with new Lenovo laptops that are leading the way in AI PC innovation, transforming how people work, play and connect with their PCs. With the latest ThinkPad X1 and IdeaPad Pro 5i, users can enjoy the most advanced PC experiences ever, powered by AI computing. These laptops feature Intel Core Ultra processors and high-performance Wi-Fi connectivity to accelerate AI PC tasks with speed and intelligence across local, public and private hybrid AI models.
16, Dec 2023
Modi Naturals Ltd. Receives Rs 240 Crore Ethanol Order From Iocl, Bpcl & Hpcl, Fuels Green Ambitions
New Delhi, 16th December 2023: Modi Naturals Ltd. (MNL) is pleased to announce a substantial order through its wholly-owned subsidiary, Modi Biotech Private Limited (MBPL). The company has successfully secured an order for 3.72 Crore Litres of ethanol, with an estimated value of approximately Rs. 240 Crores, from various Oil Manufacturing Companies (OMCs) including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
This significant order aligns with the Ethanol Sugar Year (ESY) schedule, spanning November 2023 to October 2024, and will be fulfilled in four phases. Not only will Modi Naturals deliver on the ethanol requirements, but the byproducts generated during the production process will also be sold separately, contributing to additional revenues. This cumulative volume of 3.72 Crore Litres, combined with the byproducts from production, sets the stage for a remarkable Total Revenue potential of 275 Crores.
Commenting on this significant development, Akshay Modi, Managing Director of Modi Naturals Ltd., said, “We are extremely happy with the successful commissioning of our ethanol facility and the progress achieved thus far. This latest order marks a transformative moment for Modi Naturals, promising positive impacts on our balance sheet. Our immediate focus is on stabilizing plant production in the coming weeks, paving the way for Phase II expansion to maximize the facility’s full capacity.”
This substantial development underscores Modi Natural’s commitment to the renewable energy landscape and its active participation in the national mission of Ethanol Blended Petrol (EBP). As outlined by the Government of India, EBP aims to reduce import dependence, save foreign exchange, boost the domestic agriculture sector, and provide crucial environmental benefits.
The company recently inaugurated its state-of-the-art ethanol distillery in Raipur, Chhattisgarh. With a robust production capacity of 210 KLD (thousand litres per day) and a 5.5 MW cogeneration power plant, this facility is poised to profoundly impact the biofuel landscape. The facility is planned to operate at 130 KLD in the first phase, with a capex of Rs 150 cr with a debt of Rs. 105cr.
Modi Biotech Private Limited (MBPL) and its parent firm, Modi Naturals Ltd., have a strong legacy of managing numerous enterprises and projects spanning four decades. To ensure the BioTech Plant’s smooth construction and commissioning, MBPL worked with industry specialists such as consultants, plant suppliers, and an experienced in-house staff.
