Godrej Industries has announced plans to invest over Rs 750 crore in the coming years to expand the capacity of its chemicals business and boost annual revenue. According to a regulatory filing, the company aims to grow its chemical division significantly as part of a strategy to become a USD 1 billion global business by 2030.
“The total capital investment for these expansion projects will exceed Rs 750 crore, with several already underway,” the company stated. Godrej Chemicals will double production capacity for fatty alcohols and uric acid by adding 35,000 tonnes and 20,000 tonnes per year, respectively. The specialty chemicals segment will see a threefold increase with an additional 21,000 tonnes annually, while glycerine capacity will also double with an added 24,000 tonnes per year.
Fermentation capacity is set to triple, growing by 1,500 tonnes annually. The company also plans to raise primary surfactants production by 30,000 tonnes each year. In addition, the business will upgrade its hybrid power systems, increasing its renewable energy use to 75 percent.
Vishal Sharma, Executive Director and CEO of Godrej Chemicals, commented, “Consistent double-digit growth in volume and revenue has made this an exciting period for us. These capacity expansions are aligned with our goal of becoming a USD 1 billion global business by 2030.”
Godrej Chemicals, established in 1963, is a key division of the Godrej Industries Group and one of India’s leading producers of oleochemicals, surfactants, specialty chemicals, and biotech products. The company operates four manufacturing plants located in Maharashtra, Gujarat (two plants), and Goa.
Godrej Industries, a prominent Indian conglomerate, operates in sectors like consumer goods, real estate, agriculture, and chemicals. Established in 1897, the company has grown to become a well-known name, particularly in household products and office furniture.
It has a strong commitment to innovation and sustainability, continuously enhancing its product offerings and operational practices. Godrej’s diverse portfolio and significant market presence have made it a key player in India’s industrial landscape. Its dedication to corporate social responsibility and ethical business practices further underscores its reputable standing in the industry.
