Godavari Biorefineries Ltd - Correction is over - CMP 293It looks like the worst is over for the company as RSI has been flat while the price has been on a downward trend. Upward movement should start soon as the company has recently made significant strides in expanding its ethanol production capabilities and advancing sustainable chemical manufacturing.
Investment in New Corn/Grain-Based Distillery
On December 16, 2024, GBL announced a strategic investment of approximately ₹130 crore to establish a new 200 KLPD (kiloliters per day) corn/grain-based distillery. This facility will introduce dual-feedstock flexibility, allowing the use of both sugarcane and grains like maize. This adaptability aims to enhance production resilience against climate-induced disruptions and aligns with India's green energy objectives.
Exclusive License Agreement with Catalyxx Inc
Earlier, on December 2, 2024, GBL secured an exclusive license agreement with Catalyxx Inc to manufacture biobutanol and higher alcohols in India. This partnership is set to drive sustainable innovation in the chemical industry by leveraging Catalyxx’s bio-based chemicals technology.
Can be a good long term bet. Expecting target of 600 by year end.
