Indian ethanol market was valued at USD 6512.22 million in the year 2023 which is projected to reach a value of USD 10456.98 million by the year 2029, growing at a CAGR of 8.84% in the 2024-2029 period. Ethanol production has received a massive boost due to the target set by the Government of India to achieve 20% ethanol blending of petrol by the year 2025. Moreover, India is among the major countries in the world to adopt alternative energy sources, and ethanol has gained prominence as a greener and sustainable alternative to conventional fossil fuels. Ethanol or ethyl alcohol is a byproduct of sugar production which is produced by fermenting sugar molasses using yeast to convert sugar into alcohol. Ethanol has numerous applications in various sectors like petroleum, pharmaceuticals, cosmetics and more. Let’s have a look at the top 10 ethanol manufacturing companies in India for the year 2025.
1. Dalmia Bharat Sugar
Dalmia Bharat Sugar, founded in the year 1951, is among the biggest producer of sugar and ethanol in India. The company uses molasses as raw materials to produce different types of ethanol. They include rectified spirit containing 95% alcohol by volume, extra neutral alcohol produced by triple distillation, anhydrous ethanol and denatured spirit. Various types of ethanol are supplied to multiple industries like petroleum, potable liquor, cosmetics, chemicals and others.
DBS operates a state-of-the-art distillery with a production capacity of 255 kilolitres per day or KLPD. The total cane crushing capacity of the company is currently at 35,500 TCD. Since 2024, the company has started using grains as well to produce ethanol.
2. Triveni Engineering & Industries Limited
Triveni Engineering & Industries Limited, established in the year 1932, is a huge conglomerate with diverse business interests like sugar production, alcohol production, power transmission, water solutions and defence equipment manufacturing. The company manufactures fuel-grade ethanol in bulk and supplies the same to oil manufacturing companies and other companies in the oil and gas sector.
Triveni Engineering has multiple distilleries located at Muzzafarnagar, Shamli, Sabitgarh and Milak Narayanpur in UP. Apart from fuel-grade ethanol, these distilleries also produce other grades of ethanol like extra neutral alcohol, denatured spirit and rectified spirit.
3. Shree Renuka Sugars Limited
Shree Renuka Sugars Limited, established in the year 1995, is among the largest sugar refiner and ethanol producer in India, and also one of the biggest contributors to the ethanol blending program of the Government of India. The company produces three grades of ethanol, namely absolute alcohol, rectified spirit and special rectified spirit, for oil industry, potable alcohol industry and chemical industry.
Shree Renuka Sugars has produced 196 million litres of ethanol so far and has a production capacity of 1250 KLPD. The company produces ethanol either directly from cane juice or molasses.
4. Balrampur Chini Mills
Balrampur Chini Mills, established in the year 1975, is one of the largest sugar and ethanol producers in India. The company mainly produces ethanol for blending with automotive gasoline. However, other grades of ethanol like rectified spirit and extra neutral alcohol are also produced and supplied to various industries.
BCM currently operates four distilleries located in Balrampur, Mankapur, Babhnan and Gularia with a total production capacity of 560 KLPD. Two more distilleries are being set up which will use sugarcane juice during season and grains during off season to produce ethanol.
5. Dhampur Sugar
Dhampur Sugar, founded in the year 1933, is a major player in sugar production, ethanol production and green power generation in India. Chemicals division of the company is engaged in the production of multiple grades of ethanol, including extra neutral alcohol and rectified spirits, along with ethyl acetate.
Dhampur Sugar doubled its ethanol capacity from 170 KLPD in FY 2011-12 to 350 KLPD in the FY 2023-24. The company is investing in ethanol business to increase its production capacity by over 50%.
6. Bajaj Hindusthan Sugar Limited
Bajaj Hindusthan Sugar Limited, founded in the year 1931 as a part of the Bajaj Group, is a leading manufacturer of sugar and ethanol in India. The company currently produces 38 million litres of ethanol annually and is expanding its annual manufacturing capacity to 218 million litres.
Bajaj Hindusthan Sugar operates 14 sugar plants in the north Indian state of Uttar Pradesh. The total distillation capacity of the plants is 800 KLPD while their crushing capacity is 136,000 tonnes crushed per day or TCD.
7. HPCL Biofuels Limited
HPCL Biofuels Limited was established in the year 2009 as a subsidiary of HPCL to set up integrated sugar, ethanol and co-generation plants by reviving two closed sugar mills located at Sugauli and Lauriya in Bihar. The company produces fuel-grade ethanol, which can be blended with petrol, through advanced technologies like molecule sieve and multi-pressure distillation.
HPCL Biofuels operates state-of-the-art plants equipped with technologies to ensure maximum ethanol output with lowest energy consumptions.
8. Sir Shadi Lal Enterprise Limited
Sir Shadi Lal Enterprise Limited, founded in the year 1933, is a leading producer of sugar and ethanol in India. It produces anhydrous ethanol along with extra neutral alcohol, denatured spirit, rectified spirit and special denatured spirit. The company’s distillery located at Shamli in UP has a capacity of 100 KLPD.
9. Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Limited, founded in the year 1993, is a business conglomerate with diverse business interests, including sugar and ethanol production. It manufactures anhydrous ethanol and rectified spirit. The company operates two distilleries in the state of UP with a combined production capacity of 315 KLPD.
10. Piccadily Agro Industries Limited
Piccadily Agro Industries Limited, founded in the year 1967, is mainly known for manufacturing and selling malt spirits in India. However, it is also a major producer of ethanol like extra neutral alcohol. The company operates 3 distilleries with a combined production capacity of 255 KLPD and 4 million litres annually.
Conclusion
Major manufacturers of ethanol in India are hugely contributing to ethanol blending and other initiatives of the Government of India which are designed to move the country towards cleaner and greener energy sources. Most of these companies are also engaged in sugar production because ethanol is a major byproduct of sugar production.
