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  3. Nayara announces foray into ethanol production with investment of ₹600 …

Nayara announces foray into ethanol production with investment of ₹600 cr

14 May 2024

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Key Takeaways

  • Renewable Energy Commitment:

    • Nayara Energy's investment underscores dedication to India's renewable energy goals.

  • Ethanol Expansion for Sustainability:

    • Expansion in the ethanol segment contributes to greener future and energy security.

  • Ethanol Expansion for Sustainability:

    • Strategic move aligns with government targets, ensuring lower pollution and reduced dependence on imported crude oil.

  • Renewable Energy Commitment:

    • Nayara Energy's investment underscores dedication to India's renewable energy goals.

  • Ethanol Expansion for Sustainability:

    • Expansion in the ethanol segment contributes to greener future and energy security.

  • Ethanol Expansion for Sustainability:

    • Strategic move aligns with government targets, ensuring lower pollution and reduced dependence on imported crude oil.

nayara-energy unlisted shares

Nayara Energy

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Expert Analysis

Nayara Energy Ventures into Ethanol Production, Commits ₹600 Crore Investment.

Expert Analysis:

  • Significant Investment and Production Capacity: Nayara Energy announces ₹600 crore investment in two ethanol plants in Andhra Pradesh and Madhya Pradesh,Each plant has a production capacity of 200 kilolitres per day.

  • Strategic Integration for Ethanol Blending Target: In line with the government's 2025 ethanol-blending target, Nayara's move aids vertical integration. Land secured for facilities. CEO Alessandro des Dorides emphasizes ethanol supply reliability, vital for achieving India's 20% blending target by FY 2025-26.

  • Expansion Plans and Contribution to India's Energy Security: Nayara Energy plans five ethanol facilities, totaling 1,000 kilolitres/day, reinforcing its role in India's energy security as a major downstream player, delivering 8% of the country's refining output.

  • Government targets: Government targets 20% ethanol-blended petrol at all pumps by 2025, aiming to reduce reliance on imported crude oil and lower pollution. Currently, 10% ethanol blend is available.

Publisher:MINT