ESY 2024-25: OMCs invite bids for around 124 crore litres of ethanol from C-heavy molasses and surplus FCI rice for Q2 and Q3
Oil Marketing Companies (OMCs) have invited bids for the supply of 124 crore litres of Denatured Anhydrous Ethanol for Q2 and Q3 of ESY 2024-25, sourced from C-heavy molasses and surplus rice from FCI. The tender specifies ethanol quantities to be quoted in kilolitres (KL), with supply starting from February 15, 2025, for Q2. The bid validity lasts until July 31, 2025.
Oil Marketing Companies (OMCs) have invited bids for the supply of around 124 crore litres of Denatured Anhydrous Ethanol for Q2 and Q3 of ESY 2024-25, sourced from C-heavy molasses and surplus rice from FCI.
The tender document specifies that bidders must quote ethanol quantities in kilolitres (KL) to be supplied, broken down by feedstock and quarter, for the period from 15th February 2025 to 31st July 2025. The validity of the bids will be until 31st July 2025.
The supply commencement date for Q2 is set for 15th February 2025, and the supply commencement date for Q3 will be the first day of the quarter, i.e., 1st May 2025.
The allocated quantities under this Quantity Bid will be procured at the prevailing ethanol rates for ESY 2024-25, as declared by OMCs or the Government of India, the tender document further added.
The tender mentions that minimum quantity of 100 KL must be offered against any feedstock in a quarter.
Recently, in a major relief to grain-based ethanol producers, the government reduced the reserve price of FCI rice under the Open Market Sale Scheme (OMSS) by ₹550 per quintal to ₹2,250. This move will help inch closer to the 20% ethanol blending target.
Earlier, the total allocation (cycle 1 and cycle 2) was around 930 crore liters in the ongoing ESY 2024-25.
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Source : Chinimandi
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