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Thread: Indian Oil plans foray into bio-crop biz

  1. #1 Indian Oil plans foray into bio-crop biz 

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    Indian Oil plans foray into bio-crop biz
    Hindu BusinessLine July 30, 2007

    Indian Oil Corporation Ltd (IOC), a major fuel supplier in the country, proposes to get into agri-related activities, particularly bio-crops. IOC has taken steps to bring in suitable amendments in its memorandum of association that would enable the company to carry out business in bio-fuels and allied products.

    This in effect would allow IOC to go for cultivation of plants like jatropha to be used for blending with diesel. The company has already issued notice for a postal ballot to seek its shareholders’ approval for the special resolution to amend the clause that prescribes the businesses which IOC can undertake.

    A senior IOC official told Business Line that the company hopes to incorporate a clause enabling it to carry out, organise, develop, exploit and manage within the country or overseas any business relating to and allied to discovery, development, farming, cultivation, extraction, processing and manufacture of bio-fuels and allied products and services.

    IOC proposes to take up amendment in its annual general meeting scheduled for September.

    Though the company plans to be part of the full chain in alternative fuels category, it wants to tread cautiously. “There is still not much clarity on the bio-diesel policy, hence, the company wants to progress cautiously,” the official added.

    For getting into jatropha plantation, IOC is looking for availability of continuous land areas, and has applied to the Madhya Pradesh Government. The company has invited expression of interest from seed vendors and those who can undertake large-scale plantation activities.

    States like Tamil Nadu, Gujarat, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, and Rajasthan were keen on bio product activities. IOC is hoping to initiate plantation activity in another six months.

    As regards its joint activities with the Railways, the official said, “We were helping the Railways and the Haryana Government in bio-diesel procurement. We used to buy the product and sell it to them. However, it was not economically viable for us, as we were buying at a higher rate and selling them at a subsidised rate.”
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  2. #2  

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    Quote Originally Posted by rgiridhar View Post
    Indian Oil plans foray into bio-crop biz
    Hindu BusinessLine July 30, 2007

    Indian Oil Corporation Ltd (IOC), a major fuel supplier in the country, proposes to get into agri-related activities, particularly bio-crops. IOC has taken steps to bring in suitable amendments in its memorandum of association that would enable the company to carry out business in bio-fuels and allied products.

    This in effect would allow IOC to go for cultivation of plants like jatropha to be used for blending with diesel. The company has already issued notice for a postal ballot to seek its shareholders’ approval for the special resolution to amend the clause that prescribes the businesses which IOC can undertake.

    A senior IOC official told Business Line that the company hopes to incorporate a clause enabling it to carry out, organise, develop, exploit and manage within the country or overseas any business relating to and allied to discovery, development, farming, cultivation, extraction, processing and manufacture of bio-fuels and allied products and services.

    IOC proposes to take up amendment in its annual general meeting scheduled for September.

    Though the company plans to be part of the full chain in alternative fuels category, it wants to tread cautiously. “There is still not much clarity on the bio-diesel policy, hence, the company wants to progress cautiously,” the official added.

    For getting into jatropha plantation, IOC is looking for availability of continuous land areas, and has applied to the Madhya Pradesh Government. The company has invited expression of interest from seed vendors and those who can undertake large-scale plantation activities.

    States like Tamil Nadu, Gujarat, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, and Rajasthan were keen on bio product activities. IOC is hoping to initiate plantation activity in another six months.

    As regards its joint activities with the Railways, the official said, “We were helping the Railways and the Haryana Government in bio-diesel procurement. We used to buy the product and sell it to them. However, it was not economically viable for us, as we were buying at a higher rate and selling them at a subsidised rate.”

    We at vanashree agrotech(pune based) provide contract farming for jatropha plantation....
    We are already working with mission biofuel, an multinational company producing biodiesel,and having overseas operations..

    We are interested to work with INDIAN OIl/ indian railways/ HP and anybody who wants jatropha seeds for biodiesel mfg..

    we have 5 crores of jatropha seedlings in ready stock..and we have a target of reaching upto 2 lac acres by the year 2009..
    pls contact vishnu najan

    thanx
    vishnu najan
    Last edited by Ritika; July 31st, 2007 at 08:36 PM. Reason: Only paid Verified Members are allowed to post contact details. Please click "Upgrade" to become a Verified Member.
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  3. #3 Dr MGr Jatropha from Tamilandu 

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    Dr Mgr Jatropha from Tamilnadu wants to wish all those who are promoting Jatropha . we are in the agribusiness of jatropha and also do contract farming in Tamilnadu.

    Tamilnadu govt in close co-operation with agri University of Tamilnadu, are giving Jatropha seedlings @ 50 % subsidy.

    we have orders for Jatropha seeds
    anybody wants to sell seeds in lots pl mail us
    Alagarsamy2005
    Last edited by Ritika; July 31st, 2007 at 08:40 PM. Reason: Only paid Verified Members are allowed to post contact details. Please click "Upgrade" to become a Verified Member.
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  4. #4  

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    Dear Sir,
    Greetings
    We are promoting Jatropha in India as well Overseas, we would like to work together with Indian Oil Companies, Indian Railways, Transport Corporations, Bulk Cargo users, can contact us for further negotiations on Jatropha plantation.

    We are ready for long term business tie-up on supply of jatropha seeds from our farmers.

    Please feel free to contact us for further inquiries jatro2006@yahoo.com
    Thanks & Regards
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  5. #5 Cautious and Controlled distribution of germplasm is a must! 

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    Quote Originally Posted by aloe25 View Post
    We at vanashree agrotech(pune based) provide contract farming for jatropha plantation....
    We are already working with mission biofuel, an multinational company producing biodiesel,and having overseas operations..

    We are interested to work with INDIAN OIl/ indian railways/ HP and anybody who wants jatropha seeds for biodiesel mfg..

    we have 5 crores of jatropha seedlings in ready stock..and we have a target of reaching upto 2 lac acres by the year 2009..
    pls contact vishnu najan

    thanx
    vishnu najan
    I shudder to think what is in store for the large number of farmers who are taking up Jatropha plantations with the currently available plants from various agencies. While potential for future is great, several weaknesses currently existing should be plugged in our efforts before taking up the plantations involving farming community.

    We do not know the actual productivity of the plantations which are essentially seed derived with substantial genetic variations. Jatropha improvement programmes on mission mode will have to precede distribution of plant material imparting an element of reasonable confidence on field performance without which there would be backlash from the farmers in the event of more probable low productivity and returns. Improvement of productivity through R&D at all levels of plant and plantation is a prerequisite.

    Popular belief that Jatropha is well suited for wastelands is only partially true and applicable for greening; not as viable biofuel plantation as much.

    Upsurge of interest in Jatropha has been too rapid for R&D to keep pace with the demand. Since improved germplasm can not be expected so soon, minimum one could start with is to select the mother plants giving high yields in the field, pool the seeds of ONLY those plants rather than bulk seed for raising nurseries applying the best nursery practices, besides cloning the mother plants on a massive scale using macropropagation and micropropagation techniques. More powerful technologies are called for to generate plants from selected plants in order to ensure economic returns. Adequately wide diversity even within the clones, when distributed should be maintained as well.

    For the massive number of plants the agencies are now raising and distributing, such caution may not have been possible and exercised. Focus on target coverages of plantations on short term basis requires ‘safety net’ for the farmers when the field realities do not meet the expectations.

    - Dr.D.Sreedhar
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