I am trying to gather some information on raw material for this ethanol plant. At the project initial stage Management assumed that FCI rice can be used at RM but now scenario is different, they should run with broken/damaged rice or . This may impact the margins as well till FCI supply resumes.
Management also confirmed in an interview that 400-450Cr revenue they are looking from Ethanol plant and q700cr from the shrimp business as they have started supplies to Japan and South Korea to derisk the USA businesses. Even if I ignore this growth in the shrimp business, ethanol plant can generate 40-50Cr EBITDA & can add ~ 30Cr to the bottom line.
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