Godrej Industries To Invest ₹7.5 Billion To Scale Up Chemicals Business

Godrej Industries Ltd. on Thursday said it will invest ₹7.5 billion over the next few years to expand its chemicals business with the aim of achieving $1 billion in global revenue by 2030.

The company is doubling its fatty alcohol and euric acid capacities with additions of 35,000 and 20,000 tonnes per annum, respectively. It has tripled its specialties capacity by adding 21,000 tonnes per annum and plans to double glycerine capacity by 24,000 tonnes per annum. Fermentation capacity will rise threefold to 1,500 tonnes per annum, while primary surfactants capacity will grow by 30,000 tonnes annually.

To support sustainable operations, the company will raise its renewable energy usage to 75% by enhancing hybrid power capabilities.
“Our investments in R&D and commercial teams underline our commitment to green products and sustainable operations,” said Vishal Sharma, CEO and executive director, Godrej Industries (Chemicals).

The company is focusing on green chemistry to drive growth, including innovations in bio-catalysis, continuous manufacturing, and fermentation to reduce environmental footprint.