MUMBAI: Godavari Biorefineries on Monday introduced a Rs 130-crore funding to improve ethanol production. The funding will likely be in a corn/grain-based mostly distillery to additional strengthen it ethanol production capabilities, the corporate stated in a press release.
The Rs 130 crore funding will likely be finished in a brand new 200 KLPD corn/grain-based mostly distillery to add to its current operations, enhancing flexibility via twin-feedstock functionality, it stated.
The new facility will likely be commissioned by March 2026, the assertion stated, including that the capital expenditure will likely be financed via inside accruals and debt.
Samir Somaiya, its chairman and managing director, stated the brand new capability will complement the prevailing sugarcane-based mostly operations.
“This will give us a twin-feedstock functionality and can guarantee extra resilient ethanol production, even throughout local weather-associated disruptions, and place us to meet the rising demand underneath India’s ethanol mixing program,” he added.
The new facility will supply operational fungibility, enabling using various feedstocks equivalent to maize to mitigate disruptions attributable to elements like poor monsoons and coverage adjustments, the assertion stated.
The firm’s scrip closed 0.63 per cent larger at Rs 358.10 apiece on the BSE.
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