It was raised in the call, management said their board will discuss about the paused ethanol plant or converting current plant to multi-feed, but I felt they don’t see the economics of it currently as maize prices apparently have shot thru the roof after govt recently notified maize based ethanol price.
Dalmia have paused their Nigohi grain distillery plant (250 KLPD) which was supposed to come on stream in another 7-8 months. Dalmia is the best run sugar company (biased personal opinion), their next expansion is only in FY27, bringing on a new mill in UP acquired recently. But stock in my opinion isn’t under-valued, and if its upside is worth all the aggravation in this industry.
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