Gujarat Ambuja Exports Plans ₹333 Crore Corn Mill Plant; Shares Fall 0.54%

Mumbai September, 09: Gujarat Ambuja Exports Limited has lined up a ₹333 crore investment for a new 850 TPD corn wet milling plant at Hubli, Karnataka, as the company looks to expand its processing capacity and strengthen its product mix.

The proposed plant will come up next to Gujarat Ambuja Exports’ existing 750 TPD corn wet milling facility at Hubli, according to the company’s exchange filing.

The new unit will produce 400 TPD of corn starch, 150 TPD of sweeteners and 300 TPD of feed ingredients. The project is expected to be commissioned by the fourth quarter of Fiscal 2029, subject to regulatory approvals and clearances.

The company plans to fund the entire ₹333 crore investment through internal accruals.

Stock Market Snapshot

The Gujarat Ambuja Exports share price closed at ₹166.39, down ₹0.91 or 0.54%, as of 3:58:44 PM IST on September 9, 2026, according to the market data shown.

It was a choppy session for the stock. Shares slipped towards ₹164.50 around noon before recovering strongly and moving above ₹168 during the afternoon. The gains did not hold, however, and the stock eventually finished at ₹166.39.

The closing performance came as the company announced its proposed ₹333 crore capacity expansion.

Hubli Unit Capacity To Increase After Expansion

The new 850 TPD facility will take the Hubli unit’s total corn wet milling capacity to 6,400 TPD from the existing 5,600 TPD.

Gujarat Ambuja Exports expects the expanded unit to have capacity for 700 TPD of corn starch, 400 TPD of sweeteners and derivatives, and 500 TPD of feed ingredients.

That gives the company additional capacity across several product categories rather than simply increasing output of a single product.

Company Targets 9,000 TPD Corn Wet Milling Capacity

Gujarat Ambuja Exports said the expansion is part of its broader plan to strengthen its manufacturing capabilities and increase its presence in domestic and global markets.

The company currently describes itself as India’s largest maize processing company and has set its sights on taking overall corn wet milling capacity to 9,000 TPD by 2030.

The Hubli project is one step towards that target, with the additional capacity expected to support the company’s starch, sweetener and feed ingredient businesses.

₹333 Crore Project To Be Funded Internally

The company intends to fund the proposed investment through internal accruals. The project will also require the necessary regulatory approvals and clearances before construction and commissioning can progress.

For Gujarat Ambuja Exports, the focus is on expanding an existing manufacturing base rather than setting up an entirely new operating location. The proposed plant will sit alongside its current Hubli facility, allowing the company to build on its existing manufacturing footprint.

Conclusion

Gujarat Ambuja Exports has proposed a ₹333 crore investment in an 850 TPD greenfield corn wet milling plant at its Hubli location in Karnataka.

The facility will produce corn starch, sweeteners and feed ingredients and is targeted for commissioning by the fourth quarter of Fiscal 2029. Once completed, total corn wet milling capacity at Hubli is expected to reach 6,400 TPD from 5,600 TPD.

The project will be funded through internal accruals and remains subject to regulatory approvals. Gujarat Ambuja Exports is also targeting 9,000 TPD of overall corn wet milling capacity by 2030.

Meanwhile, the Gujarat Ambuja Exports share price closed at ₹166.39, down 0.54%, on September 9, 2026.

Source:

• https:// www.nseindia.com/get-quote/equity/GAEL/Gujarat-Ambuja-Exports-Limited
• https://nsearhives.nseindia.com/corporate/GAEL_09092026154306_850_TPD_Hubli.pdf