Biomass Briquettes Tender Opportunity in Karnataka
Attention Business Owners and Investors,
Are you thinking about a new business venture? Consider the Biomass Briquette Business in India!
As the country moves towards cleaner energy, there is a growing need for eco-friendly fuel like Biomass Briquettes. This creates a great opportunity to start a Biomass Briquette Business in Karnataka. The Government, especially through the Ministry of Power, is supporting clean energy sources, which is increasing the demand for Biomass Briquettes. This makes it a good time to invest 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 steady heat for baking bricks.
- Food Industry: Briquettes are used for cooking, heating, and producing 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 paper production.
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 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 Karnataka, 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 Karnataka:
| Sr No | Plant Name |
|---|---|
| 1 | Udupi Thermal Power Plant |
| 2 | JSW Vijayanagar Power Station |
| 3 | TORANGALLU TPS |
| 4 | Bellary Thermal Power station |
| 5 | Raichur Thermal Power Station |
| 6 | Yermarus Thermal Power Station |
| 7 | KUDGI STPP |
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)
Hello,
My name is Raghavendra (Ragu). me and my friend are planning to start biomass briquettes manufacturing near Gauribidanur Karnataka. we need complete details of this business and will your company help us set up the business. we have land and raw materials access. we also want to know the return of investment in this business.
Thank you,
Ragu
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