Godavari to invest Rs 130 crore for enhancing ethanol production 
Corporate Watch

Godavari to invest Rs 130 crore for enhancing ethanol production

The investment will be in a corn/grain-based distillery to further strengthen its ethanol production capabilities, the company said in a statement

PSU Watch

New Delhi: Godavari Biorefineries on Monday announced a Rs 130-crore investment to enhance ethanol production.

The investment will be in a corn/grain-based distillery to further strengthen its ethanol production capabilities, the company said in a statement.

PSU Watch is now on Whatsapp Channels. Click here to join

The Rs 130 crore investment will be done in a new 200 KLPD corn/grain-based distillery to add to its existing operations, enhancing flexibility through dual-feedstock capability, it said.

The new facility will be commissioned by March 2026, the statement said, adding that the capital expenditure will be financed through internal accruals and debt.

Samir Somaiya, its Chairman & Managing Director, said the new capacity will complement the 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," he added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

ACC approves extension of additional charge as CMD of MTNL to A Robert J Ravi

NTPC Green Energy signs MoU with BSPGCL for renewable energy and battery storage projects

N.B.S. Rajput (IAS) appointed as Principal Secretary of Public Enterprises Department, Odisha

BPCL weighs legal options as Rs 1-crore environmental fine lingers for over a year

Free trade pact opens up $122 bn British Govt's procurement market for Indian compaines: Commerce Secretary