Biomass Briquettes Tender Opportunity in Jharkhand
Attention Business Owners and Investors,
Looking for a promising venture in India? Consider venturing into the Biomass Briquette Business!
With the country’s increasing focus on clean energy, the demand for eco-friendly fuel sources like Biomass Briquettes is on the rise. This presents a lucrative opportunity to enter the Biomass Briquette Business in Jharkhand. The Government, particularly through the Ministry of Power, is actively promoting clean energy sources, driving the demand for Biomass Briquettes. This creates a favorable environment for investment in this sector.
Briquettes Users Industries:
Briquettes are used by various industries for different purposes. Here’s a simple description of some industries that use Briquettes:
- Textile Mills: They use briquettes as fuel in boilers for dyeing and drying textiles.
- Brick Kilns: Briquettes provide consistent heat 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 are 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 Acre to 1 Acres (May extent for Storage Purpose).
- Building and other Civil Work – (550 Sq. m to 650 Sq. m) – Approx. 50 Lacs to 55.00 Lacs
- Plant & Machinery – 75 Lacs to 80.00 Lacs.
- Other: (Electrification/Weight Measurement/Furniture etc.) – 15 Lacs to 20.00 Lacs.
- Working Capital Need: (For 30 Days) – Approx. 60 to 70.00 Lacs.
- Total Fund Requirement (Except Land): Approx. 1.85 Cr. to 2.00 Cr.
- Own Fund Requirement – 25% – 50.00 Lacs.
- Bank Loan – 75% – 1.50 Cr.
List Of Thermal Power Plant :
In Jharkhand, 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 Jharkhand:
| Sr No | Plant Name |
|---|---|
| 1 | MAHADEV PRASAD STPP |
| 2 | Bokaro Thermal Power Station |
| 3 | Chandrapura Thermal Power Station |
| 4 | Koderma Thermal Power Station |
| 5 | Maithon Power Plant |
| 6 | MAITHON RB TPP |
| 7 | Jojobera Thermal Power Plant |
| 8 | Tenughat Thermal Power Station |
For, more information you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and Contact Number – +918683898080
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
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