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Diversified FMCG
Investment16 Dec 2024, 04:47 pm

Godavari Biorefineries Invests ¥130 Crore in New Corn/Grain Based Distillery to Boost Ethanol Capacity

AI Summary

Godavari Biorefineries Limited (GBL) has announced an investment of approximately ¥130 crore in a new 200 KLPD corn/grain-based distillery. This strategic move aligns with GBL's vision of supporting India’s transition to green energy and ensuring resilience against climate-induced risks. The new facility will offer operational fungibility, enabling the use of alternative feedstocks such as maize to mitigate disruptions caused by factors like poor monsoons and policy changes. The expansion comes at a pivotal time as India’s ethanol demand rises, driven by its ambitious blending targets and increasing energy requirements for mobility. By leveraging dual-feedstock technology, GBL aims to strengthen its market position and ensure consistent growth.

Key Highlights

  • Proposed Capacity: 200 KLPD Corn/grain-based distillery
  • Investment Required: Approximately ¥130 crore
  • Mode of Finance: Internal accruals and debt
  • Commissioning Timeline: Q4 FY 2026
  • GBL reported a 25% Y-O-Y increase in revenue growth in H1FY25
GODAVARIB
Diversified FMCG
Godavari Biorefineries Ltd

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