Primary Product
Maize Starch
High-purity native corn starch — the primary output of the wet milling process. Flash-dried for food, paper, textile and adhesive industries.
450 MT/Day
1,22,400 MT/Year
A ₹300 Crore integrated industrial project in Kurnool, Andhra Pradesh — manufacturing maize starch and value-added derivatives for the food, paper, textile, pharmaceutical and animal feed industries.
Jayaditya Agro Private Limited is establishing a 600 TPD integrated maize wet milling plant for manufacturing maize starch and value-added derivative products. The project has a total investment of ₹300.00 Crores and is designed to serve the food, paper, textile, pharmaceutical and animal feed industries.
The Company is targeting commencement of commercial production by April 2028, with a conservative Date of Commercial Operations set at October 2028 in the Project Report as a strategic contingency cushion.
Every fraction of the maize kernel is converted into a high-value product — from food-grade starch to animal feed ingredients.
Primary Product
High-purity native corn starch — the primary output of the wet milling process. Flash-dried for food, paper, textile and adhesive industries.
Derivative
Produced by acid or enzyme hydrolysis of native starch. A versatile sweetener for confectionery, bakery, beverages and pharmaceutical formulations.
Derivative
Crystalline glucose for pharma-grade IV fluids, confectionery, fermentation media and food manufacturing applications.
By-product
High-protein fraction from starch separation. A premium ingredient for poultry feed, aqua feed and valued as a natural yellow pigment source.
By-product
Separated during degermination, rich in oil. Expelled and refined into corn oil high in linoleic acid and naturally rich in phytosterols.
By-product
Pericarp and bran screened after fine grinding. Used as dietary-fibre ingredient in food products and as a carrier in compound animal feed.
By-product
Concentrated steepwater rich in amino acids, lactic acid and minerals. Sold as a fermentation nutrient and liquid feed binder.
The wet milling process separates the maize kernel into its constituent fractions — each with its own dedicated market.
Total project cost with ₹105.30 Cr equity and ₹195.00 Cr bank term loan.
Project IRR with Equity IRR of 27.63% over the evaluation period.
Average Debt Service Coverage Ratio, improving from 1.43 to 3.18 over repayment period.
Break-even capacity with net profit margin reaching 15.97% by FY 2035.
All figures in ₹ Crores.
| Product | FY2028 | FY2029 | FY2030 | FY2031 | FY2032 | FY2033 | FY2034 |
|---|---|---|---|---|---|---|---|
| Maize Starch | 241.94 | 255.28 | 269.07 | 283.32 | 298.02 | 313.19 | 328.85 |
| Liquid Glucose | 37.87 | 39.96 | 42.12 | 44.34 | 46.64 | 49.02 | 51.47 |
| Dextrose Monohydrate | 18.93 | 19.98 | 21.06 | 22.17 | 23.32 | 24.51 | 25.74 |
| Corn Gluten | 35.26 | 37.20 | 39.21 | 41.29 | 43.43 | 45.64 | 47.92 |
| Corn Germ | 55.30 | 58.36 | 61.51 | 64.76 | 68.12 | 71.59 | 75.17 |
| Corn Fibre | 34.56 | 36.47 | 38.44 | 40.47 | 42.57 | 44.74 | 46.98 |
| Corn Steep Liquor | 15.14 | 15.98 | 16.84 | 17.73 | 18.65 | 19.60 | 20.58 |
| Total Revenue | 439.00 | 463.23 | 488.25 | 514.08 | 540.75 | 568.29 | 596.71 |
The profitability projections do not include the financial impact of Government subsidies and tailor-made incentives sanctioned by the Government of Andhra Pradesh.
As per G.O.Ms. No. 221 dated 20-08-2026, the project is eligible for tailor-made incentives of up to ₹101.90 Crores, to be disbursed over five years from the Date of Commercial Production.
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