London-based Athena Capitals to invest in Hydrise Group of Companies to set up ethanol Plant in Seoni, MP
New Delhi [India], April 16 (ANI/PNN): On a recent visit to London, industrialist and promoter of Hydrise Group and Trade Commissioner Tanzania, Anuj Kumar Agarwal, got funding of Rs 50 crores, in Hydrise Group of Companies to set up an ethanol plant in Seoni, Madhya Pradesh.
Athena capitals based in London will be investing Rs 50 crores for the ethanol plant.
Already in its final stages, the ethanol plant is expected to start its production in the year 2023. Under the Make in India initiative of the Government of India, by 2025, 20 per cent of the manufacture of ethanol will be provided to the government of India as stated in the mandate. The Ethanol plant will have a capacity of 300 KLD per day which will require 650 Tonnes of broken rice as raw material.