Listing Details : LB-10913

Investment Required 50 Lacs
Turnover N.A
Legal Entity Proprietorship
Category Manufacturing
Sub Category Specialized Components
Business Listed By Founder

Overview

We are looking at Angel Investors to invest in our new start-up for manufacture of Biomass Briquettes in Maharashtra as a greenfield project. We would be setting up a plant which would manufacture Briquettes from Paddy Straw and Sawdust. These are available in 3 sizes 8mm,18mm and 90 mm diameter.. They have following advantages over coal 1.Less ash generation only 2% against 40% of coal. 2.low price 50% cost saving. 3.less cleaning and ease of handling. 4.low smoke generation. 5.Same caloricific value as coal. 6.100% coal substitute. With so many advantages it makes sense for coal using industries to switch to briquettes. Govt of India is making mandatory for thermal power plant to use 20% briquettes instead of coal. We had seen a location for factory setup in Palghar and also identified some distributors for sale in market.

Year of Commencement

N.A

No. of Team Members

2

Current Stage of Startup

Pre-Startup

Business Relocatable

No

Purpose of Investment

Working Capital

Investor Role

Silent

Previous Investment Infused

Investment Required As

Angel Investment

Proposed Deal Structure

10-15% Of Equity.

Summarize your Idea/Business

We want to manufacture biomass briquettes from paddy straw and sawdust. These are available in 3 sizes 8mm,18mm and 90 mm diameter..

Key Highlights

1.Less ash generation only 2% against 40% of coal. 2.low price 50% cost saving. 3.less cleaning and ease of handling. 4.low smoke generation. 5.Same caloricific value as coal. 6.100% coal substitute.

Future Potential

We had seen a location for factory setup in Palghar and also identified some distributors for sale in market

Team Overview

N.A

Competition / Market

NA

Financial Details

Contact Business