Biomass Briquettes Tender Opportunity in Punjab
Dear Businessman/Investors
Starting a Biomass Briquette Business in Punjab can be a great idea! Biomass briquettes are eco-friendly fuel made from agricultural waste, which is abundant in Punjab. The State Government is focusing on cleaner energy, creating a rising demand for Biomass Briquettes. Investing in this sector now can be very profitable. The Ministry of Power and other Government Bodies are supporting clean energy sources, which is further driving the demand for Biomass Briquettes in Punjab.
Briquettes Users Industries:
Biomass briquettes have various uses in different industries in Punjab:
- Textile Mills: Briquettes are used 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 are some subsidy benefits for starting a Biomass Briquette Business in Punjab:
Agriculture Infrastructure Fund: You can 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 an investment requirement for starting a Biomass Briquette Business in Punjab:
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 Punjab, 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 Punjab :
| Sr No | Plant Name |
|---|---|
| 1 | GOINDWAL SAHIB TPP |
| 2 | RAJPURA TPP |
| 3 | Guru Hargobind TP |
| 4 | Guru Gobind Singh Super Thermal Power Plant Ropar |
| 5 | Talwandi Sabo Power Project |
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)
Interested in briquettes plant
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