Biomass Briquettes Tender Opportunity in Odisha
Looking for a new business idea? How about starting a Biomass Briquette Business in Odisha!
With the State’s focus on cleaner energy, there is a rising demand for eco-friendly fuel like Biomass Briquettes. This presents a great opportunity to start such a business in Odisha. The Government, especially through the Ministry of Power, is supporting clean energy sources, which is driving the demand for Biomass Briquettes. It’s a good time to invest in this sector in Odisha.
Briquettes Users Industries:
Briquettes are used in various industries in Odisha:
- Textile Mills: Briquettes are used as fuel in boilers for dyeing and drying textiles.
- Brick Kilns: They 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: They are used as fuel in chemical production.
- Rubber Industry: Briquettes are used in boilers for heating and processing rubber.
- Pharmaceuticals Industry: They 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 subsidy benefits for Odisha:
Agriculture Infrastructure Fund: Get a 3% interest subsidy for 7 years on loans up to 2.00 crore. No need for collateral, and easy bank finance within 60 days.
MNRE (Central Financial Assistance): Receive financial assistance of up to 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 like refund of stamp duty on land purchase, refund of CLU fee, state capital subsidy on building & plant expenses, and exemption from electric duty.
Income Tax Exemption: Get 100% exemption on profits from the biomass briquettes business for 5 years from the year of starting the business.
Investment Requirements:
Here is a Investment Requirements for Maharashtra:
Land Required: Half an acre to 1 acre for the plant and storage.
Building and Civil Work: A building of 550 to 650 sq. m, costing around 50 to 55 lakhs.
Plant & Machinery: Machinery costs around 75 to 80 lakhs.
Other Expenses: Electrification, weight measurement, furniture, etc., costing 15 to 20 lakhs.
Working Capital: Approximately 60 to 70 lakhs for 30 days.
Total Fund Requirement (Except Land): Around 1.85 to 2.00 crores.
Own Fund Requirement: 25% – 50 lakhs.
Bank Loan: 75% – 1.50 crores.
List Of Thermal Power Plant :
In Odisha, 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 Odisha :
| Sr No | Plant Name |
|---|---|
| 1 | Kamalanga Thermal Power Plant |
| 2 | Hirakud Captive Power Plant |
| 3 | Angul Thermal Power Station |
| 4 | DERANG TPP |
| 5 | National Aluminium Company Captive Power Plant |
| 6 | Talcher Super Thermal Power Station |
| 7 | DARLIPALI STPS |
| 8 | Ib Thermal Power Station |
| 9 | Vedanta Jharsuguda Captive Power Plant |
| 10 | Sterlite Jharsuguda 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)
How to sell biomass briquettes to industries
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