Sugar cos offer 210 mln ltr ethanol to oil cos in second tender

Oil marketing companies have received bids for supply of 210 mln ltr of ethanol, against the 1.17 bln ltr sought in the second tender for 2017-18 (Dec-Nov). Of the 210 mln ltr offered, supply of 170 mln ltr has been allocated so far. Other offers will be scrutinised and total supply will be finalised soon. In the first tender for the season, mills had offered to supply 1.55 bln ltr of ethanol, against the 3.13 bln ltr sought by oil retailers.