Godrej Industries announced it’s going to invest more than Rs 750 crore over the next few years to extend capacities of its chemical business. In a regulatory filing, Godrej Industries informed that its chemical business will adopt large potential expansions as part of its growing plan to come to be a $1 billion global business before 2030. “With a complete capital outlay for expansions to exceed Rs 750 crore over the next few years, the company has already kicked off several projects,” it said.
Godrej Industries Plan for Chemical Unit Expansion
Godrej Industries (Chemicals) will double its fatty alcohol and uric acid capacities with a addition of 35,000 tonnes per annum and 20,000 tonnes per annum respectively.
It has tripled its specialities potential with an addition of 21,000 tonnes per annum, even as the glycerine potential can be doubled with an addition of 24,000 tonnes according to annum. The fermentation capacity will also see a threefold growth with a addition of 1,500 tonnes per annum. It plans to grow the Primary Surfactants ability with a addition of 30,000 tonnes per annum.
Chemical Business Efforts to Enhance use of renewable energy
The Godrej Industries Chemical Business will improve its hybrid power abilities and increase renewable energy usage to 75 %. Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said, “Consistently attaining double-digit volumes and sales increase year after year, it’s a completely interesting time for us right here at Godrej Chemicals.”
“Our capacity align with our long-time period aspirations to become a $1 billion global industry before 2030,” he said.
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