Triveni Engineering and Industries Limited · NSE:TRIVENI
Triveni Engineering and Industries — Q1 FY25 Earnings Presentation
74 slides from Triveni Engineering and Industries's earnings presentation, August 2024
Slide 1: Investor Presentation Q1 FY 25
Investor Presentation Q1 FY 25 August 2024 1
Slide 2: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 2
Slide 3: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 3
Slide 4: Company Overview
COMPANY OVERVIEW Integrated and diversified conglomerate in areas of sugar, bio-ethanol and engineering Strategically located in fertile & well irrigated Western, Central & Eastern regions of UP Among the Top 3 sugar manufacturers in India & a leading supplier for bio- ethanol One of the leading mar
Slide 5: Triveni at a Glance
TRIVENI AT A GLANCE 61,000 → 63,000 104.5 Tonnes per day Sugarcane Mega Watt crushing capacity# Power Co-generation LOCATION 860 → 1110 >12,000 22 world-class facilities Kilo Liter Per Day (KLPD) including PTB installations Alcohol/Distillery capacity* across the world 7 Sugar plants 5 Distillery fa
Slide 6: Business Overview
BUSINESS OVERVIEW SUGAR ALCOHOL POWER TRANSMISSION WATER SOLUTIONS • 7 FSSC 22000 certified sugar • State-of-the-art alcohol • 3 business segments – Gears, • Leading solutions provider for plants in U.P., India producing facilities with Defence, Built to Print efficient water management for • 325K+
Slide 7: Our Pan-India Footprint
OUR PAN-INDIA FOOTPRINT 200K+ Hectare Area under Sugarcane 325K+ Farmer Network ~61,000* Tonnes per day crushing capacity TEIL FACILITIES TRIV ENI WATER PROJECTS OUR SERVICE LOCATIONS Note: Map for representation purpose and not to scale * Current sugarcane crushing capacity 61,000 TCD; expansion to
Slide 8: Founding Principles
FOUNDING PRINCIPLES STRONG ETHICS SUSTAINABILITY PRODUCT QUALITY TECHNOLOGY RELATIONSHIPS • Professional and • Leadership in all our • Best in class • Consistent R&D of • Sustainable solutions transparent business business lines with manufacturing technology to surpass that create a high practices s
Slide 9: ESG Principles
ESG PRINCIPLES Highest level of ethical and corporate governance Maintaining ecological balance while ensuring standards, with stringent compliances 02 business excellence 01 Harnessing co-products to become raw Best-in-class sustainable processes and materials for other products, thus solutions acr
Slide 10: Our ESG Driven Approach to Business
OUR ESG DRIVEN APPROACH TO BUSINESS ENVIRONMENTAL SOCIAL GOVERNANCE • Environment conservation is • Along with sustained economic • A robust corporate governance a key element of our ESG performance, we believe in framework in place focus. the importance of social stewardship. • Strive to go beyond
Slide 11: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 11
Slide 12: Sugar
SUGAR
Slide 13: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence We manufacture Refined sugar for high-grade end users Rani Nangal (District Moradabad) Deoband (District Saharanpur) Milak Narayanpur(District Rampur) Various grades of pharmaceutical sugar, which Khatauli (District Muzaffarnagar) can be cu
Slide 14: The Triveni USP
THE TRIVENI USP • Strategic Location: Presence in Western and Central UP which has one of the best cane area with high yields and water availability. Strong farmer relations, timely sugarcane payment resulting in high drawl rates and good cane productivity • Strong recovery: The Company has one of t
Slide 15: Sugar Business Performance Over the Years
2014-15 1.67 2014-15 49.05 2015-16 1.57 2015-16 48.85 2016-17 1.67 2016-17 70.77 2017-18 95.21 2017-18 1.83 2018-19 94.03 2018-19 1.94 2019-20 100.92 2019-20 1.92 2020-21 93.80 Sugar Produced (Lakh Quintals) 2020-21 1.96 2021-22 88.75 2021-22 1.98 Area under Sugarcane (Lakh Hectares) 2022-23 95.34 2
Slide 16: Sugarcane Development Programme
SUGARCANE DEVELOPMENT PROGRAMME • Structured Varietal Substitution Programme: An aggressive varietal substitution programme is underway for identification, faster multiplication, and commercial use of desired high sugar and disease resistant varieties for the mutual benefit of the Company and the fa
Slide 17: Our Sugar Business Initiatives
OUR SUGAR BUSINESS INITIATIVES Expansion in the capacity at Sabitgarh Structured Sugarcane Development sugar unit by 2000 TCD (from 7000 TCD to Programme for varietal substitution to 9000 TCD). With the proposed expansion, 01 02 replace the star Co-0238 variety by other the total crushing capacity o
Slide 18: Triveni Brands: Getting Future Ready
TRIVENI BRANDS: GETTING FUTURE READY • Triveni sees a bright future for branded sugar in India, set to grow at double digit CAGRs over the next 5 years • Tremendous scope to bring to market higher grade and quality offerings with premiumization trends • Focus on high quality products under trustwort
Slide 19: Sustained Improvement in Sugar Realisations
TRIVENI: SUSTAINED IMPROVEMENT IN SUGAR REALISATIONS Triveni Sugar Realisation (Domestic) (₹/Quintal) 4,062 3,956 3,934 3,932 3,917 3,879 3,851 3,872 3,855 3,855 3,840 3,717 3,713 3,737 3,761 3,685 3,696 3,732 3,653 3,593 3,639 3,523 3,570 3,526 3,505 3,539 3,488 3,517 3,620 3,615 3,568 3,521 3,527
Slide 20: Industry Updates
INDUSTRY UPDATES • Sugar balance sheet for Sugar Season (SS) 2024-25: With an estimated opening balance as on October 1, 2024 of around 9.0 million tonnes, domestic sales of around 29.4 million tonnes, the closing stock is expected above 9.0 million tonnes. This is after considering diversion of abo
Slide 21: Global Sugar Prices Robust
GLOBAL SUGAR PRICES ROBUST • Global Sugar Balance Sheet pointing to surplus: As per S&P Global Commodity Insight, Global Sugar Balance Sheet for 2023-24 is pointing to surplus of 5.44 million tonnes. For the 2024-25 season, the outlook remains largely balanced, with a surplus anticipated owing to be
Slide 22: Alcohol
ALCOHOL
Slide 23: Our Alcohol Business Profile
OUR ALCOHOL BUSINESS PROFILE Flexibility of feedstock and product mix We produce Rani Nangal Facility: Multi-feed 200 KLPD Bio-ethanol Muzaffarnagar 2 Facilities: Milak Narayanpur Facility: Multi-feed 200 KLPD Extra Neutral Alcohol (ENA), Rectified Spirit (RS) Molasses 200 KLPD and Grain 60 KLPD and
Slide 24: Our Alcohol Business Strengths
OUR ALCOHOL BUSINESS STRENGTHS • Integrated operations provides assurance of feedstocks (molasses, syrup) for distillery operations and fuel for manufacturing (bagasse) thus ensuring full capacity utilization to maximize production • Flexibility of both feedstock (grain/sugarcane based) and product
Slide 25: Timely and Efficient Investments Towards Distillation Capacities
TIMELY AND EFFICIENT INVESTMENTS TOWARDS DISTILLATION CAPACITIES • Triveni has been at the forefront ₹ 230 CRORE of setting up distillation capacities in a timely and efficient manner ₹ 230 CRORE 1110 • Short timeframe in setting up ₹ 100 CRORE 860 large scale distilleries utilizing the entire range
Slide 26: Our Alcohol Business Initiatives
OUR ALCOHOL BUSINESS INITIATIVES Overall capacity recently expanded through Enhancement of sugarcane availability: new multi-feed distillery in Rani Nangal. New 01 02 Higher sugarcane crush will boost distillery at Sabitgarh on hold in view of present availability of sugarcane derived Government pol
Slide 27: Value Added Proposition: DDGS
OUR VALUE ADDED PROPOSITION: DISTILLERS DRIED GRAIN SOLUBLES (DDGS) Facilities at Milak Narayanpur, Rani Nangal & Muzaffarnagar to help us enhance our value proposition through their partial/full operations on grains • The by-product of grain-based operations, DDGS, is a protein rich product derived
Slide 28: Value Added Proposition: Potash-Rich Ash
OUR VALUE ADDED PROPOSITION: POTASH-RICH ASH • The process of conversion of molasses to ethanol generates spent wash (an effluent) which upon concentration is called Slop, further used as fuel in the Incineration boilers which leads to fly ash generation which is rich in potash • We supply this pota
Slide 29: Value Added Proposition: CO2
OUR VALUE ADDED PROPOSITION: CO 2 • In the fermentation process of alcohol manufacturing, carbon dioxide is generated as a by-product. This carbon dioxide can be captured, purified, liquified and put into cylinders or converted into dry ice. • The Company has a carbon dioxide capturing unit at its S
Slide 30: Alcohol Segment Driven by Ethanol Demand
ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND Ethanol Demand Drivers • Government actively promoting the production and blending of bio-ethanol with petrol, and has targeted 20% blending under Ethanol Blended Petrol (EBP) Programme by 2025 or EBP20 need for renewable fuel for cleaner • To achieve the tar
Slide 31: Ethanol Blending Programme Driven by Sugarcane & Grain-Based Feedstocks
ETHANOL BLENDING PROGRAMME DRIVEN BY SUGARCANE & GRAIN-BASED FEEDSTOCKS • Historically, ethanol from sugarcane route has India Ethanol: Feedstock Mix of Contracted and dominated and contributed to higher Supplied Quantities percentage in terms of supplied quantities as compared to contracted quantit
Slide 32: Industry Updates
INDUSTRY UPDATES • For Ethanol Supply Year (ESY) 2023-24 (Nov-Oct), OMCs floated tender for 825 crore litres with a 15% blending target. • Till June 30, 2024, contracts for 714 crore litres have been executed by the OMCs with 61% i.e. 433 crore litres from sugarcane-based feedstocks and the balance
Slide 33: Continued Ethanol Pricing Improvements
CONTINUED ETHANOL PRICING IMPROVEMENTS • Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme • Lately, prices have been revised for ethanol produced from Maize and C-heavy molasses for ESY 2023-24 India Ethanol Pricing (₹/litre) 75.00 70.00 65.00
Slide 34: Power Transmission
POWER TRANSMISSION
Slide 35: Diverse Product & Solutions Portfolio
DIVERSE PRODUCT & SOLUTIONS PORTFOLIO • High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications Integrally Geared Centrifugal Compressors & Pumps • Niche low speed gearboxes for mini hydel turbines, Blowers
Slide 36: Serving a Multitude of Industries
SERVING A MULTITUDE OF INDUSTRIES Industries We Serve Power Oil & Refinery & Chemical & Sugar Cement Rubber & Steel Marine Generation Gas Petrochemical Fertiliser Plastics (IPPs) Note: Sample list 36
Slide 37: Enabling OEMs Consistently
ENABLING OEMS CONSISTENTLY >50,000 MW globally installed gears capacity Steam Turbines Gas Turbines Centrifugal Compressors Reciprocating Compressors Centrifugal Pumps Fans and Blowers Hydel Turbines 37
Slide 38: Delighting Customers Across All Continents
DELIGHTING CUSTOMERS ACROSS ALL CONTINENTS 12,000+ high speed gearbox 160 installations globally 76 107 11,650 11,200 More than 1150 Global Supplies (excl. India) 110 10 27 Majority Global Supplies Made to South East Asia 96 10 38
Slide 39: Multi-Pronged Strategy in Power Transmission Business
MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS Pillars of our strategic approach: • World-class technology • Automation & Digitalisation • Associations & tie-ups • Cost management & efficiencies 39
Slide 40: Foray into Defence
FORAY INTO DEFENCE Our Defence Portfolio: • Propulsion Gearboxes and other critical gearboxes • Critical Turbo and Motor-driven Pumps • Gas Turbine Generators for auxiliary power • Steam Turbines to complex Turbo-Auxiliaries • Propulsion System Integration • Propulsion Shafting • Solutions for Steer
Slide 41: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS • Among the largest engineered to order turbo gear manufacturer • Largest domestic market share across OEMs & Patronised by global OEMs across application spectrum like STG/GTG/ Compressor / Pumps / Blower / ID-FD Fans • One of the few companies globally cateri
Slide 42: Power Transmission Business Initiatives
POWER TRANSMISSION BUSINESS INITIATIVES Gearing for future growth Investments towards new bay (grinder/ hobber/ equipment) for both power transmission Capex announced towards & defence products expansion of power transmission Expansions include business aggregating to ₹360 setting up a new crore, of
Slide 43: Power Transmission Business Outlook
POWER TRANSMISSION BUSINESS OUTLOOK Outlook for the domestic product segment within high speed gears is extremely promising as industrial Capex in sectors like sugar, distillery, oil & gas, cement, steel is growing and have been supported by policies and robust economic growth Focus on market share
Slide 44: Water Solutions
WATER SOLUTIONS
Slide 45: Water & Wastewater Opportunities and the Way Forward
WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD • Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change • Water is undervalued, and proper incentives are not in place to use
Slide 46: Leading Solutions Provider for Efficient Water Management
LEADING SOLUTIONS PROVIDER FOR EFFICIENT WATER MANAGEMENT FOR INDUSTRIAL, MUNICIPAL, URBAN APPLICATIONS We are committed to contributing sustainable solutions that lead to environmental protection with an enhanced quality of life. Advanced Solutions Key Highlights • Wide range of innovative water/wa
Slide 47: Serving a Wide Variety of Sectors
SERVING A WIDE VARIETY OF SECTORS Municipal WTP/STP CETP/ZLD for Refineries Steel Plants Industrial clusters Non-ferrous Oil & Gas Thermal Power Intake Water Industries Plants System Sugar & Allied Coal Recycle & Reuse Desalination Industries Note: Illustrative list 47
Slide 48: Water Business Growth Drivers
WATER BUSINESS GROWTH DRIVERS Government investments in EPC and Growing urbanisation arising from HAM (Centre & State) projects Water Urban Local Bodies Increasing domestic Focus of NMCG (National opportunities in recycle, Mission for Clean Ganga) on reuse, zero liquid discharge Ganga tributaries to
Slide 49: Select Ongoing Water & Wastewater Projects
SELECT ONGOING WATER & WASTEWATER PROJECTS • Pali HAM/PPP project – ZLD system for Textile Industries • EPC Project in Bangladesh under a joint-venture with a local company • Bhiwadi 6 MLD Zero Liquid Discharge project for industries • 205 MLD STP (3 Phases) at Kondli with new NGT effluent norms for
Slide 50: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 50
Slide 51: Q1 FY 25: Healthy Revenues, Lower Profitability
Q1 FY 25: HEALTHY REVENUES, LOWER PROFITABILITY Revenues & • Net turnover higher by 9%, mainly due to higher sugar sales volumes as well as improved realisations Profitability • Profit Before Tax is 54% lower at ₹ 41.8 crore • Achieved blended sugar realisation of ₹ 39,035/MT, an increase of 4.8% ov
Slide 52: Consolidated Financial Highlights Q1 FY 25
CONSOLIDATED FINANCIAL HIGHLIGHTS Q1 FY 25 ₹ Crore Q1 FY 24 Q1 FY 25 Change % Revenue from Operations (Gross) 1,432.3 1,534.0 7.1 Revenue from Operations 1,197.9 1,300.7 8.6 (Net of excise duty) EBITDA 137.1 97.1 -29.2 EBITDA Margin 11.4% 7.5% Share of income of Joint Venture (0.03) 0.01 Profit Befo
Slide 53: Sugar: Higher Dispatches and Improved Blended Realisations
SUGAR: HIGHER DISPATCHES AND IMPROVED BLENDED REALISATIONS Sugar Dispatches (Tonnes) Average Blended Realization (₹/MT)* +12.4% +4.8% (Total) 227186 202053 14531 39035 227186 187522 37254 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 Domestic Exports Total • Higher dispatches despite nil exports in Q1 FY 25 d
Slide 54: Sugar: Lower Profitability Due to Higher Offseason Expenses
SUGAR: LOWER PROFITABILITY DUE TO HIGHER OFFSEASON EXPENSES, NO EXPORTS IN Q1 FY 25 ₹ Crore REVENUE PBIT +12.0% -26.4% 999.5 49.6 892.3 36.5 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 • Segment profit declined despite higher contribution on sugar sold, due to lower production and higher charge of off-seaso
Slide 55: Alcohol: Highest-Ever Quarterly Production
ALCOHOL: HIGHEST-EVER QUARTERLY PRODUCTION Alcohol Production (KL) Alcohol Sales (KL) -4.3% +8.3% 54621 42457 40626 50446 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 Avg. Realisation (₹/litre) • Achieved highest-ever quarterly production of 5.46 crore litres driven by new capacities commissioned +6.3% durin
Slide 56: Alcohol: Lower Sales Volumes & Profitability
ALCOHOL: LOWER SALES VOLUMES & PROFITABILITY ₹ Crore NET REVENUE* PBIT -2.2% -62.2% 295.5 289.0 51.0 19.3 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 * Revenue net of excise duty • Sales volumes were lower, due to schedules in next quarter and ethanol is held in inventory. • The profitability has been impac
Slide 57: Power Transmission: Healthy Revenues and Profitability
POWER TRANSMISSION: HEALTHY REVENUES AND PROFITABILITY ₹ Crore REVENUE PBIT +1.3% -1.1% 54.8 18.4 18.2 54.1 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 • Healthy revenue and profitability for Q1 FY 25 • Good demand for products including high technology compressor gearboxes, high power small hydro turbine a
Slide 58: Power Transmission: Record Closing Order Book
POWER TRANSMISSION: RECORD CLOSING ORDER BOOK ₹ Crore Order Booking Closing Order Book +11.9% +12.6% 73.1 305.8 65.4 271.6 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 • Order booking during the quarter included breakthrough new international orders with eminent customers • Closing order book as on June 30,
Slide 59: Water: Healthy Profitability
WATER: HEALTHY PROFITABILITY ₹ Crore REVENUE PBIT Closing Order Book* -21.1% +103.7% 64.7 6.1 1,341.1 51.1 1,185.9 3.0 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 Q1 FY 24 Q1 FY 25 • Despite weaker revenues, PBIT for the quarter improved 103.7% y-o-y due to cost optimisation/savings in various projects exec
Slide 60: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 60
Slide 61: Our Long-Term Highlights
OUR LONG-TERM HIGHLIGHTS Well Diversified and • FY 19-24 Gross Revenue CAGR 14.3% Growing Revenues • Rising revenue contribution from non-sugar business from 21% to 38% during FY 2019-24 Progressively • FY 19-24 PBIT CAGR 13.1% improving profitability • Sugar contribution progressively reducing; fro
Slide 62: Well Diversified and Growing Revenue Base
WELL DIVERSIFIED AND GROWING REVENUE BASE FY 19-24 Revenue CAGR 14.3% Rising non-sugar contribution from 21% to 38% during FY 2019-24 Revenue from Operations (Gross)* Segment-wise Contribution to Revenue from Operations# ₹ Crore 2% 2% 2% 3% 3% 3% 8% 7% 6% 6% 6% 6310 6151 5% 7% 9% 11% 4% 3% 3% 4% 16%
Slide 63: Progressively Increasing Profitability with Healthy Non-Sugar Contribution
PROGRESSIVELY INCREASING PROFITABILITY WITH HEALTHY CONTRIBUTION FROM NON-SUGAR BUSINESSES FY 19-24 PBIT CAGR 13.1% Sugar contribution progressively reducing; 49% in FY 2024 Profit Before Interest and Tax (PBIT) Segment-wise PBIT Contribution ₹ Crore 2% 4% 5% 5% 4% 5% 11% 9% 8% 10% 13% 17% 21% 19% 5
Slide 64: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 1726 1.51 1558 1568 1411 1.16 994 914 0.64 0.82 0.35 0.49 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Average Cost of Debt (Standalone) Long-term credit rating ICRA
Slide 65: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Cash Generation during FY 19-24 ₹ 4,088 crore Capital Dividends & Buybacks Funds Retained for Expenditure* (incl. taxes) Working Capital ₹ 1,237 crore ₹ 1,541 crore ₹ 1,310 crore (30% of cash (38% of cash (32% of cash generation) generation) generation) Healthy mix of inve
Slide 66: Enhancing Shareholder Returns Through Buybacks & Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS Buyback of Shares (₹ Crore) Dividend (₹ Crore) Dividend Payout Ratio (%) 800 12% 125.9 21% 20% 100 15% 17% 65 78.6 71.1 10% 10% 42.3 18.1 27.3 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 20 FY 21 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23
Slide 67: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q1 FY 25 67
Slide 68: Shareholding Pattern
SHAREHOLDING PATTERN Foreign Portfolio Investors 4.84% Mutual Funds + AIF 8.49% Promoter Group 60.98% Resident Individuals 20.22% Corporate Bodies NRI 2.26% Others 1.92% 1.29% Note: As at end of the quarter ending June 30, 2024. Others comprise of Clearing members, HUF, Trust, IEPF, Key Managerial P
Slide 69: Investors Contact
INVESTORS CONTACT Surabhi Chandna Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 69
Slide 70: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 71: Commonly Used Terms
COMMONLY USED TERMS Term Definition AGMA American Gear Manufacturers Association (AGMA) Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of Alcohol potable spirits, industrial solvent and as fuel API American Petroleum Institute ASP Acti
Slide 72: Commonly Used Terms
COMMONLY USED TERMS Term Definition Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its Denatured spirit recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation Ethanol Blended Petrol. Th
Slide 73: Commonly Used Terms
COMMONLY USED TERMS Term Definition Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, B-Heavy molasses, Multi-feed distillery C-Heavy molasses, grains such as maize, surplus rice, broken rice and other damaged food grains NGT National Green Tribunal O&M O
Slide 74: Thank You
Li ven [ENGINEERING & INDUSTRIES LTD.
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