GAEL to invest ₹333 Crore for 850 TPD Corn Wet Milling Plant in Hubli
Gujarat Ambuja Exports Limited (GAEL) plans to set up an 850 TPD Greenfield Corn Wet Milling Plant in Hubli, Karnataka. The project requires an investment of ₹333 Crores, to be funded by internal accruals. The new facility is expected to be commissioned by Q4 FY 2029.
The investment of ₹333 Crores in a new major manufacturing facility will significantly increase the company's production capacity and product portfolio, thereby having a substantial impact on its business operations and market standing.
The announcement details a significant capacity expansion through a new plant, which is a positive development for the company's growth and market position.
Gujarat Ambuja Exports Limited (GAEL) has announced plans to establish an 850 TPD Greenfield Corn Wet Milling Plant at Hubli, Karnataka. This new state-of-the-art facility will be set up adjacent to the company's existing 750 TPD plant at the same location. The proposed plant will have the capacity to manufacture 400 TPD of Corn Starch, 150 TPD of Sweeteners, and 300 TPD of Feed Ingredients.
Upon completion of this expansion, the total manufacturing capacity at the Hubli unit will increase to 1600 TPD. This includes 700 TPD of Corn Starch, 400 TPD of Sweeteners and Derivatives, and 500 TPD of Feed Ingredients. This expansion is expected to significantly enhance GAEL's integrated manufacturing capabilities and product portfolio, further strengthening its national and global presence and reinforcing its position as India's largest Maize Processing Company. The company also plans to increase its overall Corn Wet Milling Capacity to 9000 TPD by 2030.
The investment required for this project is ₹333.00 Crores, which will be financed through internal accruals. The proposed capacity addition is likely to be commissioned by the fourth quarter of FY 2029. This initiative is aimed at enhancing the company's integrated manufacturing capabilities, expanding its product portfolio, and solidifying its market position.
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Gujarat Ambuja Exports Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Gujarat Ambuja Exports Limited. Read the original for the full detail.