New Launch16 Dec 2024, 02:34 am
Godavari Biorefineries to Invest Approx. Rs 130 Cr in New 200 KLPD Corn/Grain-based Distillery
AI Summary
Godavari Biorefineries Ltd. has announced a capital expenditure plan for a new corn/grain-based distillery at its Sameerwadi manufacturing unit. The proposed capacity is 200 KLPD, and the investment required is approximately Rs 130 Cr. The company plans to finance this project through a mix of internal accruals and debt. The new distillery is expected to be added in Q4 FY 2026, marking a rational augmentation of ethanol capacity with alternate feedstock for distillery operation.
Key Highlights
- Godavari Biorefineries to invest approximately Rs 130 Cr in a new corn/grain-based distillery
- The new distillery will have a capacity of 200 KLPD
- The project will be financed through a mix of internal accruals and debt
- The new distillery is expected to be added in Q4 FY 2026
- The new capacity will allow for rational augmentation of ethanol capacity with alternate feedstock for distillery operation