Grain-based Ethanol Plants: "We are setting up three bio ethanol plants as part of our diversification plan," KRIBHCO's Chairman Chandra Pal Singh said. Rajan Chowdhry, Managing Director, KRIBHCO, said these plants are expected to be operational by end of the next year. "We are investing around INR 1,100 crore on setting up these three plants. We will be using grains like maize and broken rice as feedstock," Chowdhry told PTI.