Aaryans group is all set to take over an existing sugar factory which has production capacity of 3500 TCD with 8 MW COGEN Power. The group is also in talks with a existing ethanol producing company in Karnataka which has a installed capacity of 120 KLPD Etthanol production permission and it looking for a financial partner, where Aaryans will be playing a crucial role and is getting onboard with this company by July 2023. The commercial operation of the Ethanol plant will commence by November 2023. The total investment in this sector will be Rs. 550 crore and shall generate job opportunities for 550 youth. This sector will be working as a forward and backward integration pattern and sugar and ethanol plant will contemplate each other
FUTURE PROSPECTS FOR AARYANS
- Aaryans group is very bullish on this segment as per the recent amendments announced by the government on the permissible limits of usage on Ethanol by the Fuel manufacturing companies up to 20% as compared to 5%, which is being used currently.
- Moreover, we are going to set up pumps and charging stations which shall also give us an upper hand in the whole business plan.
- Lastly, we have a upper hand by way of own source of funds in the business which will reduce our financial cost considerably. Moreover, our other business verticals will be acting as a catalyst in the whole business set up through the vertical of Business Ancillary Services and solar power segment of Aaryans.
- This venture will also generate business avenues for other business ancillary services for the people of the locality.
