Oil firms float fresh tender to procure 2.53 billion litres of ethanol

After failing to get adequate response from sugar firms twice, oil marketing companies (OMCs) have again floated a tender to procure 2.53 billion litres of ethanol for the remaining months of the 2019-20 season.
 
The season runs from December to November. The new tender was floated because the first one for procurement of 5.11 billion litres of ethanol, issued in August last year, was vastly under-bid.  This was because sugar mills simply didn’t have adequate quantities of sugarcane to convert them into molasses. In response to the first tender, only 1.4 billion litres were offered and finalised by sugar