Modi Naturals Ltd. has recently performed the groundbreaking ceremony (bhumi pujan) of its greenfield ethanol distillery at Raipur in Chhattisgarh. The company is setting up a distillery, which has a production capacity of 210 KLD, with a 6MW cogeneration power plant. To set-up this plant, Modi Naturals Ltd. incorporated a 100% subsidiary (wholly owned subsidiary) called `Modi Biotech Private Limited' (MBPL).

MBPL has received in-principle approval for a 210 KLD distillery for the manufacture of ethanol from the Central Government, along with signing an MOU with the Chhattisgarh Government for the same. The company has already received environment clearance (EC) for the project from the Ministry of Environment, Forest and Climate change (MoEF&CC). The investment over the next two years is expected to be approximately INR 2,500 million, with the first phase of 110 KLD with an investment of INR 1,600 million, to be completed in the third quarter of Fiscal Year 2022-23.

This project is also in line with the Honourable Prime Minister of India Shri Narendra Modi's vision & roadmap for the Ethanol Blended Petrol (EBP) program with a target of 20% blending by 2025.