Ethanol Blending & Biofuel Supply Chain

10 companies Updated 30 Jul 2026

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

Companies with exposure to ethanol blending & biofuel supply chain

ZUARIIND

ZUARI INDUSTRIES LIMITED

Fast Moving Consumer Goods
annual report · 2026

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.

GULPOLY

Gulshan Polyols Limited

Fast Moving Consumer Goods
investor presentation · 2026

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.

DHAMPURSUG

Dhampur Sugar Mills Limited

Fast Moving Consumer Goods
annual report · 2026

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.

BCLIND

Bcl Industries Limited

Fast Moving Consumer Goods
investor presentation · 2024

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.

DWARKESH

Dwarikesh Sugar Industries Limited

Fast Moving Consumer Goods
annual report · 2026

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.

BALRAMCHIN

Balrampur Chini Mills Limited

Fast Moving Consumer Goods
investor presentation · 2025

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.

MVKAGRO M.V.K. Agro Food Product Limited Fast Moving Consumer Goods
investor presentation · 2026

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.

COASTCORP Coastal Corporation Limited Fast Moving Consumer Goods
investor presentation · 2023

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.

TRIVENI Triveni Engineering & Industries Limited Fast Moving Consumer Goods
investor presentation · 2024

The Company has a carbon dioxide capturing unit at its. Sabitgarh distillery on a Build Own Operate (BOO) basis for. which we are paid for the raw carbon dioxide to earn additional. revenues. dry ice. . The Company has a carbon dioxide capturing unit at its. Sabitgarh distillery on a Build Own Operate (BOO) basis for. which we are paid for the raw carbon dioxide to earn additional. revenues.

DBOL Dhampur Bio Organics Limited Fast Moving Consumer Goods
annual report · 2023

The Government. launched the Ethanol Blending. Programme (EBP) to promote ethanol. blending and production. ugar. manufacturers in India have been. increasingly diverting sugar towards. ethanol production. The Government. launched the Ethanol Blending. Programme (EBP) to promote ethanol. blending and production. Under the. purview of this program, Oil Marketing. Companies (OMC) are allowed to.

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