Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Monday (December 16) announced plans to invest ₹130 crore in a new 200 KLPD (kilo litres per day) corn/grain-based ethanol distillery.

"The company plans to invest approximately ₹130 crore in a new 200 KLPD corn/grain-based distillery to its existing operations, enhancing flexibility through dual-feedstock capability," Godavari Biorefineries Ltd said in a regulatory filing.

This initiative aims to enhance the company’s ethanol production capabilities and operational flexibility with a dual-feedstock system. 

The investment will be financed through a combination of internal accruals and debt, with the distillery expected to be commissioned by Q4 FY2026.

This strategic move aligns with Godavari Biorefineries' 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.