Godavari Biorefineries Limited (GBL) announced a ₹130 crore investment in a new ethanol distillery to expand its production capacity. The facility will be grain- and corn-based, offering flexibility to use alternative feedstocks alongside the company’s existing sugarcane-based operations.
The new distillery, with a proposed capacity of 200 kiloliters per day (KLPD), is scheduled to be operational by the fourth quarter of FY2026. The project will be financed through internal accruals and debt. This dual-feedstock capability is intended to reduce production risks caused by disruptions such as poor monsoons or policy shifts.
According to a statement by the company, the expansion is part of its strategy to address growing demand under India’s ethanol blending program. The dual-feedstock technology is expected to strengthen the company’s market position and ensure stability in ethanol production.
GBL reported a 25% year-on-year revenue increase for the first half of FY2025, reflecting its ongoing growth efforts.
The company, listed on both the BSE and NSE, specializes in bio-based chemicals, ethanol, and sugar production, operating facilities in Maharashtra and Karnataka.