Modi Naturals Limited has informed the Exchange about Commencement of Commercial Operations at Expanded Ethanol Plant of Subsidiary Company
MODINATUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modi Naturals' wholly-owned subsidiary, Modi Biotech Private Limited, has started commercial ethanol production at its expanded grain-based ethanol plant in Chhattisgarh. The plant's capacity has been raised from 130 KLPD to 282 KLPD, more than doubling its production capability. The move supports the company's strategic focus on the ethanol segment and aligns with the Government of India's Ethanol Blended Petrol (EBP) Programme. Management expects the expanded operations to improve efficiencies, lift production volumes, and contribute positively to future growth.
Positive for shareholders — the significant capacity expansion (over 2x) should drive higher revenues and margins in the ethanol business, supported by stable government policy demand under the EBP programme. The stock may see a positive reaction given the strategic and operational milestone.