The plants will come up at Panipat, Haryana and Dahej, Gujarat.
The 2nd generation (2G) bio-ethanol plants will have a capacity to produce 100 Kilo litres of ethanol per day.
Earlier this year, IOCL selected Praj as its technology partner to construct multiple 2G bio-ethanol plants based on its indigenously developed technology.
Besides, Bharat Petroleum Corporation (BPCL) has selected Praj as technology partner for setting up one 2G bio-ethanol plant in the state of Orissa.
The companies have signed a memorandum of understanding (MoU) for the plant, which will a capacity of 100 Kilo litres of ethanol per day.
The agreements were signed on the side-lines of recently concluded PETROTECH 2016, held in New Delhi in the presence of group of union ministers.
Project timelines and capital outlay estimations are yet to be finalized by the companies.
Praj executive chairman Pramod Chaudhari said: “We are pleased with the progress of setting up of 2G ethanol projects by the OMCs.
“Praj is equally committed to partner with OMCs In their achievement of completing project targets. This is in line with Government of India ’s vision of increased contribution of renewable in India ’S energy portfolio."
