Godavari Biorefineries Ltd announces investment in a New Corn/Grain Based Distillery to Enhance Ethanol Production

Godavari Biorefineries Limited (GBL) (BSE: Script Code 544279 | NSE: GODAVARIB), a pioneer in renewable chemicals and biofuels, has announced an investment in grain/corn based ethanol to further strengthen its ethanol production capabilities. The company plans to invest approximately ₹130 crore in a new 200 KLPD corn/grain based distillery to its existing operations, enhancing flexibility through dual feedstock capability. The company reported a 25% Y O Y increase in revenue growth in H1FY25, demonstrating its operational strength and focus on sustainable growth.

Key Highlights of the Investment:

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

This strategic move aligns with GBL's long term vision of supporting India's transition to green energy while 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.

Mr. Samir Somaiya, Chairman and Managing Director of Godavari Biorefineries, said, "We are investing in new corn/grain based ethanol production to complement our existing sugarcane based operations. This will give us a dual feedstock capability and will ensure more resilient ethanol production, even during climate related disruptions, and position us to meet the growing demand under India's ethanol blending program. This expansion will help us maintain production stability and contribute to India's energy security goals."

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.

Shares of Godavari Biorefineries Limited was last trading in BSE at Rs. 358.50 as compared to the previous close of Rs. 355.85. The total number of shares traded during the day was 20404 in over 1011 trades.

The stock hit an intraday high of Rs. 369.05 and intraday low of 355.45. The net turnover during the day was Rs. 7378463.00.

Source : Equity Bulls

Keywords

GodavariBiorefineries INE497S01012 Investment Corn Grain Distillery EthanolProduction