OMCs to float tender for supply of 110 crore litres of ethanol exclusively for FCI rice
Oil marketing companies will invite tenders to supply 110 crore litres of ethanol using subsidised FCI rice at ₹22.50/kg. The government has allocated a 24 lt rice quota, with an estimated subsidy of ₹4,140 crore. Distilleries facing market shortages can opt for FCI rice. Additionally, the reserve price of FCI rice for states under OMSS has been reduced to ₹2,250/quintal until June 2025.
Oil marketing companies this week are expected to float tender under Cycle 3 (C3) for the supply of about 110 crore litres of ethanol during ESY2024-25 (November-October) which has been restricted only to ethanol to be produced from the subsidised rice of the Food Corporation of India (FCI) to be sold at ₹22.50/kg. The government has also fixed maximum quota of 24 lakh tonnes (lt) for FCI to sell to ethanol distilleries.
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Source : The Hindu Business line
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