Gujarat Ambuja Exports Limited (GAEL) has recently informed exchanges that the company received environmental approval to build a 180 KLPD greenfield grain-based extra-neutral alcohol and ethanol plant in Malda, West Bengal.
The factory will be located close to the current Maize Processing Unit and will manufacture alcohol for the food and pharmaceutical sectors. The estimated investment is around INR 180 crore.
key details
| Sr. No. | Disclosure Requirement(s) | Details |
|---|---|---|
| 1 | Industry or area to which the new line of business belongs | Extra Neutral Alcohol and Ethanol Industries |
| 2 | The expected benefits of venturing into the New Line of Business | Diversification of revenue streams by enhancing market presence and increasing client base for long-term growth of the Company. |
| 3 | Estimated amount to be invested | Approximately INR 180 Crores or such other amount as may be amended by the Board of Directors from time to time. |
