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
Godavari to invest Rs 130 crore for enhancing ethanol production
Godavari to invest Rs 130 crore for enhancing ethanol production
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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.

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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.

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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.

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