OUR BUSINESS
Our Company was incorporated September 9, 2020 We are a technology driven EPC company, engaged in designing, manufacturing and supplying ethanol plants.
we have built end-to-end capabilities in setting-up ethanol plants, across feedstocks such as molasses/ sugarcane syrup, grains
or a combination thereof (“Multi Feedstock”), which enables us to provide concept to commissioning solutions to our customers.
we are the youngest manufacturer and supplier of ethanol plants amongst the leading players in India.
- Grain Milling System
- Liquefication Plants
- Fermentation Plants,
- Ethanol Plants
- Distillation Plants
- Dehydration Plants
- Evaporation Plants
- Dryer & DDGS Plants
- Zero Liquid Discharge
- Zero Liquid Effluent Discharge
- Waste Heat Recovery & Recycle
- CBG and Biomass Cogeneration
We have approximately 37% market share in terms of the total number of EPC projects of ethanol plants undertaken in India since the launch of National Biofuels Policy in 2018 until March 31, 2024 .
We have approximately 35% market share in terms of total capacity of ethanol projects executed between Fiscal 2018 and Fiscal 2024 .
We have 34% market share in terms of total revenue from EPC of ethanol projects in India in Fiscal 2024 .
In terms of revenue generated by the leading ethanol EPC companies in India, our market share has improved from approximately 23% in Fiscal 2022 to 34% in Fiscal 2024.
we have executed 113 Projects across various feedstocks, which consist of 53 molassesbased Projects, 57 grains-based Projects and three Multi Feedstock Projects which aggregate to over 14,000 KLPD of ethanol capacity.
These 113 Executed Projects comprised supply of 44 distillers dried grains with solubles dryers (“DDGS Dryers”), nine biomass co-generation plants, and 27 water and wastewater zero liquid discharge (“ZLD”) plants. As of July 15, 2024, we have an Order Book of 64 Ongoing Projects worth ₹34,516.83 million, which aggregate to over 10,000 KLPD of ethanol capacity.
The 64 Ongoing Projects are at various stages of execution, and comprise supply of 87 DDGS Dryers, 28 biomass cogeneration plants, and 42 water and wastewater ZLD plants as of July 15, 2024.
We have developed ‘E-max’ technology for ethanol and extra neutral alcohol (“ENA”) production to improve efficiency, quality, and reduce energy and water footprint with ZLD. This technology has evolved from ‘E-max’ in the year 2018 to ‘Emax 2,’ ‘E-max 3,’ and ‘E-max 75’ technology versions in the years 2020, 2021, and 2022, respectively, for various feedstocks.
E-max has evolved with each version leading to improved outcomes such as reduced effluent generation, lower steam/power/water consumption, higher efficiency and high-quality products with ZLD systems with design flexibility for Multi Feedstock, along with a switch-over facility, as illustrated in the E-max .
We also provide advanced solutions for water and wastewater management, aimed at sustainability, efficiency and minimal adverse
environmental impact through our ‘ER-max’ technology.
ER-max technology is capable of handling and treating complex wastewater streams, and our ZLD plants are designed to achieve high recovery rates with minimized waste production.
We also have a compressed biogas (“CBG”) technology, termed as ‘RG-max’, which converts various types of organic waste into
biogas, to offer an efficient solution for waste management and renewable energy production.
The versatility of RG-max allows it to process a wide range of feedstocks, including press mud, agricultural residue, municipal solid waste, spent wash, and liquid organic effluents.
We have a track record of executing Projects across India and have also executed Projects outside India, i.e. in Turkey and
Thailand. As of July 15, 2024, we have executed Projects in 17 states across Northern India, Southern India, Eastern India, Western India and Central India.
We have a diverse customer base across the end-user industries and cater to key players in these industries such as
(i) Sugar; (ii) Ethanol/ ENA; (iii) Chemical/Agri-chemicals and (iv) Other Industries, which include food, pharmaceuticals, cement and
steel.
Some of our key customers across end-user industries are listed below.
Sugar :- Balrampur Chini Mills Limited, Zuari Envien Bioenergy Private Limited, Dalmia Bharat Sugar and Industries Limited, The
Ugar Sugar Works Limited, Godavari Biorefineries Limited, DCM Shriram Limited, Olam Global Agri Commodities India Private Limited, Shamanur Sugars Limited, L H Sugar Factories Limited, Uttam Sugar Mills Limited, Dhampur Bio Organics Limited, Chidanand Basaprabhu Kore Sahakari Sakkare Karkhane Niyamit, Wave Industries Private Limited, Satish Sugars Limited and Baramati Agro Limited, Parle Biscuits Private Limited.
Ethanol/ ENA :- Globus Spirits Limited, Hermes Distillery Private Limited, Bokaro Spirits and Allied Industries Private Limited, NKJ Biofuel Private Limited, PT. Molindo Raya Industrial (Indonesia). Chemical/Agri-Chemicals: India Glycols Limited, KRIBHCO Green Energy Private Limited, P.S.C Starch Products PLC (Thailand), Green Energy Chemicals (Turkey), Mash Biofuels Private Limited, HPCL Biofuels Limited and GrainSpan Nutrients Private Limited.
Other Industries :- Pasupati Acrylon Limited, SEAS Biotech Private Limited, Crystal Balaji Industries Private Limited, Gulshan Polyols Limited, Coastal Biotech Private Limited, Happy Niwas Private Limited, Muzaffarpur Biofuels Private Limited, Sooraj Agro Distilleries
Limited, JVS Biofuels Private Limited, K G Spirits LLP and Nivesal Pte Ltd (Bolivia project).
OBJECTS OF ISSUE
1. Funding capital expenditure requirements of our Company.
2. Re-payment and/or pre-payment, in full or in part, of certain borrowings availed by our Company.
3. Funding margin money requirements for the purpose of availing bank guarantees.
4. General corporate purposes.
Qualitative Factors
- Market leading EPC company in the ethanol sector well-positioned to capture industry tailwinds.
- Proven project execution capabilities.
- Technologies developed to deliver superior results for our customers.
- Diversified business across geographies and end-user industries.
- Growing customer base with high retention ratio leading to increasing market share.
- Demonstrated financial performance with a robust Order Book reflecting revenue visibility.
- Skilled and experienced Promoters and management team.
Regreen-excel Epc India Comparison of Accounting Ratios with Peer Group Companies :-
- Praj Industries Limited
