Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Monday (December 16) announced plans to invest ₹130 crore in a new 200 KLPD (kilo litres per day) corn/grain-based ethanol distillery.
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“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,” Godavari Biorefineries Ltd said in a regulatory filing.
This initiative aims to enhance the company’s ethanol production capabilities and operational flexibility with a dual-feedstock system. The investment will be financed through a combination of internal accruals and debt, with the distillery expected to be commissioned by Q4 FY2026.
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This strategic move aligns with Godavari Biorefineries’ 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.
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 programme.”
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Godavari Biorefineries supplies products to leading companies, including Hershey India, Hindustan Coca-Cola Beverages, and LANXESS India, among others. The company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production.
The company’s product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used in industries such as food, beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics.
Shares of Godavari Biorefineries Ltd ended at ₹358.10, up by ₹2.25, or 0.63%, on the BSE.
(Edited by : Shoma Bhattacharjee)
