GAEL to Invest INR 180 Crores in New Ethanol Plant with Environmental Clearance
Gujarat Ambuja Exports Limited (GAEL) announced on November 11, 2024, that it has received Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change of India for the construction of a new ethanol plant. The 180 KLPD (kiloliters per day) Greenfield Grain-Based Extra Neutral Alcohol and Ethanol Plant will be established in Malda, West Bengal, adjacent to its existing Maize Processing Unit.
Plant Details:
- Type: Greenfield Grain-Based Extra Neutral Alcohol and Ethanol Plant
- Capacity: 180 KLPD
- Location: Malda, West Bengal (near the existing Maize Processing Unit)
- Purpose: Primarily focused on manufacturing alcohol for the food and pharmaceutical industries
- Approvals:
- Environmental Clearance (EC) granted by the Ministry of Environment, Forest and Climate Change
- Subject to approvals from the State Pollution Control Board
Investment:
- Estimated Cost: Approximately INR 180 Crores, subject to approval by the Board of Directors.
Expected Benefits:
- Diversification of Revenue Streams: The new plant will provide a fresh source of income through the production of alcohol and ethanol.
- Stronger Market Presence: GAEL aims to enhance its position in the alcohol and ethanol markets with the new facility.
- Increased Client Base: The plant will cater to a broader customer base in the food and pharmaceutical sectors.
- Sustainable Growth: The project is a long-term strategic investment aimed at bolstering GAEL’s growth.
