Godavari Biorefineries Ltd (GBL) witnessed a 3.30% surge in its stock price to ₹367.70 on Monday following the announcement of a strategic international license agreement with Catalyxx Inc. The deal grants GBL exclusive rights to utilize Catalyxx’s advanced technology for converting ethanol into biobutanol and other higher alcohols.
Under this partnership, GBL plans to establish a cutting-edge facility at its Sameerwadi manufacturing unit. The first phase will focus on producing 15,000 metric tonnes of biobutanol annually, a step aligned with the company’s broader sustainability and decarbonisation goals.
Key Details:
- Facility Capacity: 15,000 tonnes of biobutanol annually in Phase 1
- Total Planned Capacity: Up to 30,000 tonnes
- Investment: ₹130 crore for distillery expansion at Sameerwadi
The development underscores GBL’s commitment to leveraging innovative technologies to strengthen its ethanol and biochemicals portfolio.
GODAVARI BIOREFINERIES Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 13 2024
|
₹360.00
|
₹355.95
|
-1.78%
|
|
Thu, Dec 12 2024
|
₹370.00
|
₹362.40
|
-2.01%
|
|
Wed, Dec 11 2024
|
₹385.20
|
₹369.85
|
-3.87%
|
|
Tue, Dec 10 2024
|
₹393.00
|
₹384.75
|
-2.16%
|
|
Mon, Dec 9 2024
|
₹390.00
|
₹393.25
|
|
|
Fri, Dec 6 2024
|
₹390.75
|
₹390.20
|
-0.42%
|
|
Thu, Dec 5 2024
|
₹375.00
|
₹391.85
|
|
|
Wed, Dec 4 2024
|
₹356.95
|
₹366.40
|
|
