India Glycols Limited at its board meeting on August 7, 2023, has approved to enhance the capacity of grain based distillery at its Kashipur (Uttarakhand) Plant. Further, in view of growing demand for speciality chemicals for various end markets, the Company is in the process of expanding facilities for New Value-Added chemical products. This is the areas of Bio-based Specialty and Performance Chemicals segment which includes carbon smart products.

The project is being implemented in phases having total production capacity of approx. 10,000 MT/year and involves a cost of approximately 0.82 billion and is expected to be completed by fourth quarter/fiscal year 2024.