Announced Mon, 17 Aug · 20:50 IST
Additional Rs 140 crore ethanol order from OMCs via subsidiary
MODINATUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.3%1-day move
₹380.65
prior close
₹383.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-3.5-2.0-5.6-6.3-10.7-11.3———————
Up moveDown movePending
AI summary
Modi Naturals, through its wholly owned subsidiary Modi Biotech, received an additional ethanol allocation of 1.98 crore litres worth about Rs 140 crore from Oil Marketing Companies (OMCs). Supplies under the Ethanol Blending Petrol Programme will continue until October 2026. This is on top of an existing order of about Rs 400 crore for roughly 47.9 thousand kilolitres.
Likely market impact
Strengthens revenue visibility with additional Rs 140 crore order from government OMCs, supplementing the existing Rs 400 crore ethanol order.