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Sunday / December 22. 2024
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Strategic Investment of approximately Rs 130 Crore to boost ethanol capacity with dual-feedstock flexibility, aligning with India’s green energy.

Godavari Biorefineries Limited (GBL), a pioneer in renewable chemicals and biofuels, has announced an investment in corn/grain-based ethanol to further strengthen its ethanol production capabilities. The company plans to invest approximately Rs 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 per cent 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 Rs 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.

 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.

Strategic Investment of approximately Rs 130 Crore

The Conclave aimed to create a forum for discussing the role of technology and research in promoting efficiency, productivity, and sustainability in the agricultural industry.

The IMC Chamber of Commerce and Industry’s (IMC) Agriculture Committee organized the ‘IMC Agriculture Conclave – Impact of Technologies on Indian Agriculture sector on Thursday, May 16, 2024 at IMC headquarters in Mumbai. The Conclave aimed to create a forum for discussing the role of technology and research in promoting efficiency, productivity, and sustainability in the agricultural industry. The distinguished panellists engaged in remarkable panel discussions encompassing trending subjects like the role of Research and Development in Indian agriculture, the influence of resource management, the role of new technologies, digital implementation, and the sector’s transition to new-age methods.

The inaugural session was addressed by Suresh Kotak, Past President, IMC and Chairman, Kotak & Co. Kotak highlighted that technology transition and research are two key aspects for the evolution of the agriculture sector it supports a revenue generation model. He further added that agriculture has a multiplier effect towards the GDP contribution of the country and new-age technology adaptation transpires the sectoral progress. The adaptation of Farmer Producer Organisations (FPO) has enabled them to access into global markets and exhibit the region’s various agricultural products.

Samir Somaiya, President, IMC Chamber of Commerce and Industry said, “Indian Agriculture has been, and continues to be the cornerstone of the Indian economy. It is one of the fastest growing sectors of the nation with the rapidly changing scenario of modern technologies. Technology and innovation are two key drivers of progress in the agricultural sector and are a critical support for guaranteeing food security, promoting sustainable practices, and generating economic opportunities. Governments, corporate sector entities, and other stakeholders should invest in initiatives that promote Agripreneurship and the adoption of new technology and practices throughout the agricultural value chain.”

The Conclave aimed to create a forum