Godrej Industries to Invest Over ₹750 Crore for Chemical Business Expansion

In a significant business development, Godrej Industries Limited announced major expansion for its chemical business. The company, through an exchange filing, stated that it will spend over ₹750 crore in capex over the next few years. For this, the company has already kicked off several projects.

The said capacity expansions are in sync with the company’s growth plan to become a USD 1 billion global business before 2030.

Scope of the Capital Expenditure

The company has announced a significant capacity expansion across multiple product lines. Fatty Alcohol and Euric Acid capacities will be doubled, with increases of 35,000 tons per annum and 20,000 tons per annum, respectively.

Specialities capacity has been tripled through an addition of 21,000 tons per annum, while glycerine capacity is set to double with a 24,000 tons per annum increase.

Fermentation capacity will see a threefold boost, rising by 1,500 tons per annum. The company also plans to expand its Primary Surfactants capacity by 30,000 tons per annum.

In support of its sustainability goals, the company will enhance its hybrid power infrastructure, aiming to raise its renewable energy usage to 75 percent.

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Management Take on Business Development

Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said “Consistently achieving double-digit volumes and revenue growth year after year, it’s a very exciting time for us here at Godrej Chemicals. The significant investments in our R&D and Commercial teams reflect our commitment to Sustainable Operations and Green Products in our quest to deliver innovative solutions to our customers across all market segments. Our capacity additions align with our long-term aspirations to become a USD 1 Billion global business before 2030. On behalf of our entire team, I thank our customers, suppliers and stakeholders for their great support, which is enabling our strong progress year after year.”

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