The bids were submitted by 10th November 2017 by the Sugar companies and Ethanol manufacturers for a total quantity of 155 crore litres. This is the highest ever quantity offered by the Sugar companies and ethanol manufacturers.
Tenders were floated by the Oil Marketing Companies (OMCs), inviting bids from Sugar companies and Ethanol manufacturers for supply of ethanol in 2017-18 (December – November).
A total of 313 crore liters is required for 10% blending across the country and, therefore, the offers given were equivalent of replacing 5% of the country’s petrol consumption.
Since the bids for several oil company depots were more than the required quantity of the depot for 10% blending therein, proportionate quantities have been accepted by the OMCs. Accordingly, out of 155 crore liters of bids submitted by sugar companies and Ethanol manufacturers, 113 crore liters have been finalized for supply during 2017-18 season.