Biomass Briquettes Tender Opportunity in Madhya Pradesh
Are you looking for a new business opportunity? Think about starting a Biomass Briquette Business in India!
With the country’s focus on cleaner energy, there is a rising demand for eco-friendly fuel like Biomass Briquettes. This presents a great chance to start such a business in Madhya Pradesh. The Government, particularly through the Ministry of Power, is backing clean energy sources, which is boosting the demand for Biomass Briquettes. It’s a good time to invest in this sector.
Briquettes Users Industries:
Briquettes are used by various industries in different ways:
- Textile Mills: They use briquettes as fuel in boilers for dyeing and drying textiles.
- Brick Kilns: Briquettes provide a steady heat source for baking bricks.
- Food Industry: Briquettes are used for cooking, heating, and generating steam in food processing.
- Leather Industry: Briquettes are used in boilers for heating and processing leather.
- Dyeing Houses: Briquettes are used in boilers for heating water and generating steam for dyeing.
- Chemical Plants: Briquettes are used as fuel in chemical production.
- Rubber Industry: Briquettes are used in boilers for heating and processing rubber.
- Pharmaceuticals Industry: Briquettes are used for heating and generating steam in pharmaceutical manufacturing.
- Paper Mills: Briquettes are used as fuel in boilers for making paper.
Subsidy Benefits :
Here is a description of the subsidy benefits:
- Agriculture Infrastructure Fund: Get a 3% interest subsidy for 7 years on term loans up to 2.00 crore. No need for collateral security, and easy bank finance within 60 days.
- MNRE (Central Financial Assistance): Receive financial assistance of 9.00 lakhs per metric ton per hour of production capacity, with a maximum of up to 45.00 lakhs.
- State Level MSME Specific Subsidy: Enjoy benefits such as stamp duty refund on land purchase, CLU fee refund, state capital subsidy on fixed capital expenditure (building & plant), and exemption from electric duty.
- Income Tax Exemption: Avail 100% exemption on profits from the biomass briquettes business for 5 years from the year of commencement of business.
Investment Requirements:
Investment requirements for starting a biomass briquette business can vary depending on the scale and complexity of the operation. Here’s a brief overview:
(For a Standard Capacity – 2 Ton Per Hour Project)
- Land Required (Owned/Lease): Half an acre to 1 acre (may extend for storage purposes).
- Building and other Civil Work: 550 sq. m to 650 sq. m, costing approximately 50 to 55 lakhs.
- Plant & Machinery: 75 to 80 lakhs.
- Other Expenses: Electrification, weight measurement, furniture, etc., costing 15 to 20 lakhs.
- Working Capital Need (for 30 Days): Approximately 60 to 70 lakhs.
- Total Fund Requirement (Except Land): Approximately 1.85 to 2.00 crores.
- Own Fund Requirement: 25% – 50 lakhs.
- Bank Loan: 75% – 1.50 crores.
List Of Thermal Power Plant :
In Madhya Pradesh, there are several Thermal Power Plants that contribute significantly to the State’s Power Generation Capacity.
Here is a description of some of the Major Thermal Power Plants in Madhya Pradesh:
| Sr No | Plant Name |
|---|---|
| 1 | MAHAN TPP |
| 2 | BINA TPS |
| 3 | NIGRI TPP |
| 4 | SEIONI TPP |
| 5 | ANUPPUR TPP |
| 6 | Sant Singaji Thermal Power Plant |
| 7 | Satpura Thermal Power Station |
| 8 | Sanjay Gandhi Thermal Power Station |
| 9 | Amarkantak Thermal Power Station |
| 10 | Dada Dhuniwale Thermal Power Plant |
| 11 | Vindhyachal Super Thermal Power Station |
| 12 | KHARGONE STPP |
| 13 | Sasan Ultra Mega Power Project |
For, more information you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and Contact Number – +918683898080
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