Shares of India Glycols Ltd. saw an over 8% surge on October 1, trading at ₹1,330.80. The spike followed the company’s announcement of significant capacity expansions at its Kashipur plant in Uttarakhand. The stock climbed by 3.51% in a single trading session, signaling positive market sentiment and interest from investors.
Key Developments:
- Distillery and Ethanol Capacity Expansion: India Glycols successfully increased its grain-based distillery capacity by 100 KLPD (kilo-liters per day), bringing the total to 500 KLPD. The capacity of the bio-fuel ethanol plant was also boosted by 180 KLPD, now totaling 590 KLPD. This expansion aims to strengthen the company’s position in the biofuel segment.
- Chemical Facility Expansion: The company’s production capacity for value-added chemicals has been increased by 2,500 metric tons per year (MT/year), bringing the total capacity to 7,500 MT/year. The facility has already been commissioned, with further expansions anticipated to be completed by Q1 FY26.
- Upcoming Projects: To further bolster its production capabilities, India Glycols is enhancing its distillery capacity by an additional 180 KLPD and increasing its bio-fuel ethanol capacity by 90 KLPD at its Gorakhpur plant in Uttar Pradesh. The enhancements are expected to be commissioned by Q4 FY25.
Strategic Moves:
In addition to capacity expansions, India Glycols announced a partnership with Amrut Distilleries in September. The collaboration focuses on manufacturing and marketing premium brands, a strategic move aimed at expanding the company’s product portfolio and enhancing its market reach.
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