Godrej Industries Commits ₹750 Crore to Scale Up Chemicals Business.

Godrej Industries Limited (GIL) is making a substantial investment of ₹750 crore into the capacity expansion of its chemical business, a strategic move aimed at transforming it into a $1 billion global enterprise by 2030.

The company announced on Thursday a comprehensive plan to significantly boost its production capabilities across several key areas. Fatty Alcohol and Euric Acid capacities are set to double, adding 35,000 tons per annum (TPA) and 20,000 TPA, respectively.

Furthermore, Godrej Industries will triple its speciality chemicals capacity, adding an impressive 21,000 TPA. Glycerine capacity will also see a twofold increase with an additional 24,000 TPA. The company isn't stopping there, as its fermentation capacity is slated to triple with the addition of 1,500 TPA, and Primary Surfactants capacity will grow by 30,000 TPA.

Beyond production, the investment underscores GIL's commitment to sustainability. The company plans to enhance its hybrid power capabilities, pushing its renewable energy usage to 75 percent, a move that aligns with its broader environmental goals.

This significant capital injection signals Godrej Industries' aggressive growth ambitions in the global chemical market, positioning itself for substantial expansion over the next five years.