Commodities
Gujarat Ambuja Exports Expands Hubli Facility with ₹333 Crore Corn Wet Milling Plant
Gujarat Ambuja Exports is investing ₹333 crore in setting up a new 850 TPD corn wet milling plant in Hubli, Karnataka. The greenfield project will be entirely funded through internal accruals, leaving the company's leverage profile clean.
The proposed facility will manufacture 400 TPD of corn starch, 150 TPD of sweeteners, and 300 TPD of feed ingredients. Upon commissioning in Q4 FY2029, total site processing capacity in Hubli will expand to 1,600 TPD.
The company's strong financial momentum is evident from its consolidated net profit rising 171.87% YoY in Q1 FY2026-27 to ₹176.77 crore. This excellent profitability provides a robust cash reserve to absorb the capital expenditures for the expansion project.