Announced Mon, 29 Jun · 16:22 IST
Godavari Biorefineries commissions 200 KLPD corn-based distillery at Sameerwadi
GODAVARIB · price
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Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹276.15
prior close
₹281.00
base price
After-mkt
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AI summary
Godavari Biorefineries has commenced a 200 KLPD corn or grain-based distillery at its Sameerwadi Unit, adding to its existing 600 KLPD sugarcane-based ethanol capacity. The project involves an investment of about Rs. 130 Cr, funded through internal accruals and debt. Existing capacity utilisation stands at 41 percent. The addition enables dual-feedstock capability, helping resilient ethanol production and supporting India's ethanol blending program.
Likely market impact
Capacity boost of about 33 percent may lift future revenues and earnings, though debt funding and low current utilisation warrant monitoring.