India Glycols Limited is planning to invest Rs. 175 - Rs. 180 crore in FY2022-23, says Anand Singhal, Chief Financial Officer, India Glycols Limited.

Speaking about Capex investment in Q1 FY Results Conference Call, Singhal said, "We have some capex expenses, which is to be done on grain, because the boiler and turbine is under commissioning stage. Apart from this, we are going to put out one specialized chemical unit, so total capex in FY22-23 will be around Rs. 175 crore to Rs. 180 crore.”

Rupark Sarswat, Chief Executive Officer, India Glycols Limited said, "Looking forward, we are installing two grain-based bioethanol plants for our businesses, which means biofuels biobased specialties and performance chemicals, as well as portable spirits, which was 180 KLPD in Kashipur and 110 KLPD in Gorakhpur. Now the installation of the plant has been done. The trials are being conducted right now and in near future, we will have these plants fully functioning. We think that medium to longer term these will have a very positive impact on our margins."

"We are developing certain molecules till they are in the pilot market and commercialized. I would hold back the names, but I would tell you broadly. See, there are three things which are required for Specialty Amines. One of the raw materials is ethanol for such one range of Amine. The other raw material for another range of Amine is ethylene oxide. And ammonia, of course, or some other form where the nitrogen molecule comes in. So our sense, if you see it, is one, we have ethanol, but many people have ethanol, that's one thing. But we are the only ones probably in the world, the second one, and only one who would be doing Amines, which are based on biobased ethanol, okay. And so that category of Amines we are examining and the major customers for these are also significant personal care companies, for example. We are doing lab trials; we are sampling them," commented Sarswat.

"We are also looking at Amines which are either based on various alcohols, ethanol being one of that or ones which use ethylene oxide, which gives us the advantage of having ethanol and ethylene oxide, more importantly, having bio based ethylene oxide, and last but not the least, our understanding that we have of the speciality end markets like personal care, even though that business in some other product ranges is part of the joint venture." added Sarswat.