Godrej Chemicals to invest over ₹750 cr in capacity expansion, eyes $1 billion revenue by 2030
Kolkata: Godrej Industries Ltd’s Chemicals Business will invest more than ₹750 crore over the next few years to expand its manufacturing capacity, as the company sets its sights on becoming a $1 billion global business before 2030.
The expansion plan includes significant scale-ups across multiple product categories.
The company will double its fatty alcohol and euric acid capacities by adding 35,000 tonnes per annum and 20,000 tonnes per annum respectively.
It has tripled its capacity for speciality chemicals with an additional 21,000 tonnes and doubled its glycerine output with 24,000 tonnes of added capacity.
Fermentation capacity will also see a threefold increase of 1,500 tonnes per annum, while primary surfactants capacity is set to grow by 30,000 tonnes.
In addition to boosting production, the company will enhance its hybrid power capabilities to increase its renewable energy usage to 75%, aligning with its sustainability targets.
“Consistently achieving double-digit volumes and revenue growth year after year, it’s a very exciting time for us here at Godrej Chemicals,” said Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals). “Our capacity additions align with our long-term aspirations to become a USD 1 Billion global business before 2030.”
Sharma added that investments in research and commercial teams reflect the company’s focus on sustainable operations and green product innovation.
The company said green chemistry remains a key pillar of its growth strategy, with a focus on energy-efficient processes, renewable energy adoption, zero-waste goals and technologies such as biocatalysis, continuous manufacturing, and fermentation.
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