Godavari Biorefineries Share Price

Godavari Biorefineries Limited was originally incorporated as Godavari Investment and Finance Corporation Limited in Mumbai on January 12, 1956. Subsequently, the name converted to Godavari Biorefineries Limited and a fresh Certificate of Incorporation consequent upon change in name was issued by Registrar of Companies on November 10, 2006. The Company has business in manufacturing of sugar, power generation, bio based chemicals, distillery and other bio products. It utilizes sugarcane as a feedstock to manufacture a wide range of products, including sugar, ethanol, biobased chemicals and power and were among the first few companies in India to utilise sugarcane juice and syrup for the production of ethanol.The chemicals manufactured by the Company comprise of ethanolbased chemicals such as ethyl acetate, bioethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde, acetaldehyde, acetic acid, bio acetic acid and paraldehyde. The Companys diversified product portfolio comprising of biobased chemicals, sugar, rectified spirits, ethanol, other grades of alcohol and power, finds application in a range of industries. The Biobased Chemicals manufactured by the Company find application in various industries, including the agrochemical, cosmetics, flavour and fragrance, food, fuel, paints and coatings and pharmaceutical industries, while the ethanol manufactured are sold to oil marketing companies and also find application in the beverages, pharmaceutical and chemical industries. The Company presently has 2 manufacturing facilities, Sameerwadi Facility located in the Bagalkot district in Karnataka and Sakarwadi Facility in the Ahmednagar district in Maharashtra. The Sameerwadi Facility is integrated to the manufacturing of Rectified Spirits and Ethanol, sugar and power, while the Sakarwadi Facility is currently in manufacturing of Biobased Chemicals. The sugarcane feedstock is processed at our Sameerwadi Manufacturing Facility for the manufacturing of sugar and Rectified Spirits and Ethanol and the press mud is utilised for the manufacturing of fertilizer under the Bhumilabh brand. The bagasse is also used for the generation of power.Apart from these, the Sakarwadi Manufacturing Facility utilizes purchased ethanol or rectified spirits and can use ethanol andrectified spirits manufactured by them at the Sameerwadi Manufacturing Facility to manufacture specialty chemicals including bioethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde and paraldehyde and commodity chemical viz. ethyl acetate.In year 1940, the Company started the business in manufacture and sale of sugar by The Godavari Sugar Mills Limited.Later in year 1962, it started production and sale in denatured and rectified spirit. It also started production of chemicals like acetic acid.In 1973, it commenced manufacture of sugar at the plant located in Sameerwadi.In 1985, it started manufacturing alcohol from molasses at Sameerwadi Plant.Later it set up an ethyl acetate plant at the Sakarwadi Manufacturing Facility in year 1993.In 2004, the Company manufactured crotonaldehyde.During 20092010, the business of sugar, power, chemical and distillery of The Godavari Sugar Mills Limited( GSML), a Member of Somaiya Group got demerged with the Company on April 21, 2009, with an Appointed date of April 1, 2008.Later in 2014, the Company introduced brand Jivana sugar and salt in the retail market. In 2016, it commenced production of chemicals such as, MPO and 1,3 BG(butylene glycol) at Sakarwadi plant.The Company is planning to raise capital from Public by raising Rs. 370 crore Equity Shares through Fresh Issue and 6,558,278 Equity Shares through Offer for Sale.