Jiya Eco - Updates On Its Pellet Plant In Gujarat
Jiya Eco Products Limited is pleased to announce that its subsidiary company i.e. Jiya Eco Gandhidham Private Limited is setting up new pellet plant in 3 acres field at village — chudva, Taluka —Gandhidham. In the era of pollution & global warming Jiya Eco Products Limited is going to be a lucky charm for the environment. Finalizing the new plant is going to be a huge success for renewable energy and the company is stepping up to the growth.
Shed building of new plant in Gandhidham has been completed & pellet machineries will reach the premise in short period of time, machineries and technologies have been finalized from China and there will be no delay in reaching those machineries to the Gandhidham Plant, its production capacity will be increased by 260000 tons per year. This. will lead to the better statistics of the company_ Abundant access to raw material and a reduction in transit cost are key parameters that aided in finalization of this location. Kutch (Gujarat) is in close proximity to the proposed plant of JEPL and is also home to the, highly aggressive prolike JuliFlora. By using JuliFlora as one of the key ingredients in manufacturing of pellets, JEPL also helps the local administration tackle the menace of the fast-spreading forest weed. Demand of pellets, from JEPL's existing customers in east Gujarat, would be met from the proposed Gandhidham plant and will reduce the transit costs.
Pellets, manufactured at this location, are proposed to be catered only to the retail market (Namkeen, Bakeries and Fursaan, etc.) and would benefit the company in multiple ways & help widen the client base thereby de-risking its current business model and help improve the working capital profile of the company. JEPL currently has a step-down subsidiary, Jiya Eco India Ltd. (JEIL), which is engaged in the business of acquiring retail clientele by installation of burners at retail client sites in exchange for a 3-year contract and the pellets required for those clients would be supplied by JEPL at a pre-determined rate. JEIL targets installation of 1500 such burners at its retail sites till end of financial year 2019. This would ensure captive consumption of the pellets proposed to be manufactured from the Gandhidham plant.
JEPL is progressing with lightening speed and with its continuous Research & development on pellets, burners & stoves, it increases the efficiency of the Company. Company is interested to export its product to cater huge demand. By setting up new plant of pellets manufacturing in Gandhidham, the Company will reach new heights. Currently JEPL is analyzing all the numbers of market around the world and planning to export bio—fuels in foreign market, As per some survey, there is an average demand of 2 crore tons per year in European market and JEPL is taking this as a huge opportunity. JEPL will also make its presence in many other continents as well.