Announced Mon, 29 Jun · 16:19 IST
Starts corn-based distillery at Sameerwadi, adds 200 KLPD capacity
Capex & Operations View source PDF
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
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AI summary
Godavari Biorefineries commenced a 200 KLPD corn/grain-based distillery at its Sameerwadi Unit on June 29, 2026. The project involves about Rs. 130 Cr investment, funded through internal accruals and debt. This adds to its existing 600 KLPD sugarcane-based capacity, which is currently at 41% utilization. The new facility gives dual-feedstock capability for resilient ethanol production and supports India's ethanol blending program.
Likely market impact
Diversifies feedstock, strengthens ethanol supply. Rs.130 Cr capex via internal accruals and debt may pressure near-term returns.