Announced Wed, 9 Sept, 2026 · 15:43 IST
GAEL to set up 850 TPD corn wet milling plant at Hubli, Rs 333 cr investment
GAEL · price
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Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹166.50
prior close
₹168.15
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AI summary
Gujarat Ambuja Exports plans a new 850 TPD greenfield corn wet milling plant in Hubli, Karnataka, next to its existing 750 TPD unit. The Rs 333 crore project, funded entirely by internal accruals, will produce corn starch, sweeteners, and feed ingredients. Commissioning is targeted by Q4 FY2029. Hubli unit capacity will rise to 1600 TPD. The company also targets 9000 TPD overall capacity by 2030, reinforcing its position as India's largest maize processing firm.
Likely market impact
Capacity expansion of about 15 percent, debt-free funding signals strong cash flows, long-term growth visibility through FY2029.