NSE-listed sugar mills, grain processors, and bio-distilleries powering India's ethanol blending programme — from molasses and grain-based feedstock to E20 and beyond.
Sectors represented: Fast Moving Consumer Goods
This diversified feedstock strategy has reduced dependence on a single. crop, enhanced year-round availability of ethanol, improved the resilience of the supply chain, and enabled capacity utilisation. across both sugar-based and grain-based distilleries. e on a single. crop, enhanced year-round availability of ethanol, improved the resilience of the supply chain, and enabled capacity utilisation.
Differential and attractive prices for ethanol. produced from damaged/surplus food grains,. broken rice and maize. Setting of standards for E5, E10 and E20 blends, as. well as introducing E100 two-wheeler vehicles al and attractive prices for ethanol. produced from damaged/surplus food grains,. broken rice and maize. Setting of standards for E5, E10 and E20 blends, as.
Ethanol, produced from various. sources including sugarcane and molasses, is a biofuel that can be. blended with petrol to reduce emissions and reduce dependency. on regular fuel. Indian Ethanol Industry Overview. India crossed the 20% ethanol blending milestone with petrol in el that can be. blended with petrol to reduce emissions and reduce dependency. on regular fuel.
India's ethanol sector has emerged as one of the key pillars of the country's energy transition strategy, driven by the. Government's focus on reducing crude oil imports, enhancing energy security, lowering greenhouse gas emissions and rs of the country's energy transition strategy, driven by the.
This multi-feedstock. capability was not incidental; it was. built precisely for environments like. these, where the relative attractiveness. of sugarcane-based and grain-based. routes can shift with policy or price. During the year under review, total. ethanol production for FY 2025-26. reached 673.34 Lakh bulk litres,. compared with 678.37 Lakh BL in ane-based and grain-based.
Global Ethanol Market Size USD Billion. India Ethanol Market Size USD Billion. 99. 162. 20222032. oIndia has seen remarkable progress in ethanol production, supplying approximately 4.1 billion litres for fuel blending in 2021-22, e USD Billion. India Ethanol Market Size USD Billion. 99. 162. 20222032.
AllocatedSupplied ESY 25-26. % of. Allocated. Qnty. Supplied ESY 24-25. ESY 25-26 (Cycle-1)Till March 31, 2026. Qnty. % of. Tot a l. Qnty. % of Total. Supply. Qnty. (Cr Ltrs). % of Total. Supply ctor OMCs. Feedstock. AllocatedSupplied ESY 25-26. % of. Allocated. Qnty. Supplied ESY 24-25. ESY 25-26 (Cycle-1)Till March 31, 2026. Qnty. % of. Tot a l. Qnty. % of Total. Supply. Qnty. (Cr Ltrs).
ISMA has consistently advocated a balanced procurement. framework that encourages participation from both grain-based and sugar-based distilleries, recognising that. a diversified feedstock strategy is essential for ensuring feedstock security, maintaining supply reliability and m both grain-based and sugar-based distilleries, recognising that.
Blending levels. have risen sharply from about 12%. in 2022-23 to nearly 20% in 2025-26,. generating foreign exchange savings. of over H1.40 lakh crore since 2014-15. Early ESY 2026 data shows blending . Blending levels. have risen sharply from about 12%. in 2022-23 to nearly 20% in 2025-26,. generating foreign exchange savings. of over H1.40 lakh crore since 2014-15.
Price fixed by Government (Rs./BL)2016-172017-182018-192019-202020-212021-222022-232023-242024-252025-26. C-route Ethanol39.0040.8543.4643.7545.6946.6649.4156.28 57.97. Yet to be announced. B-route Ethanol 52.4354.2757.6159.0860.7360.73 60.73. Yet to be announced 02020-212021-222022-232023-242024-252025-26. C-route Ethanol39.0040.8543.4643.7545.6946.6649.4156.28 57.97. Yet to be announced.
This infrastructure is. adequate for E20 rollout but not aligned with. multi-blend requirements, thereby restricting. the scalability of higher ethanol blends. ●Shift to Consolidation Phase: Given the gap. between capacity (~2000 crore litres plus. upcoming 400 crore litres) and demand (~1100. crore litres for fuel and ~350 crore litres for. nonfuel uses), the sector is transitioning into a.
National Capacity Deficit. India's aggressive shift toward E80 flex-fuels creates an unprecedented, multi-decade growth cycle for. integrated bio-distilleries. 80 / Flex-Fuel~3,500+ Cr Ltrs100% Assured. National Capacity Deficit. India's aggressive shift toward E80 flex-fuels creates an unprecedented, multi-decade growth cycle for. integrated bio-distilleries.
Singlewindowclearanceisapprovedbythestategovernmentandthebenefitofinterestsubventionwillbe. providedbyGovernmentofIndia. Ethanol Sectoral Environment. 34. India’s ethanol blending target of 20% is likely to create opportunity of Rs 840bnbio-ethanol market annually by 2025. Structural changes post 2018. The National Policy on Bio-fuels -2018 (NPB -2018)released in.
During Q2 FY27, profitability was modestly impacted by an increase in maize prices from ₹18 to ₹25. per kg, which raised feedstock costs and put pressure on margins. Maize’s diverse uses across food,. animal feed and industrial applications, including ethanol, highlight the importance of dependable. sourcing and a resilient supply chain. sure on margins. Maize’s diverse uses across food,.