In the latest conf. call, mgmt. confirmed about commissioning the 2nd herbicide facility. However, there was no specific commentary about the CDMO plant. They did mention that finer details of upcoming capex will be shared by Q4.
Considering their CDMO aspirations, huge capex [mentioned in earlier calls] as a multi-purpose greenfield plant seems unavoidable. However, I don’t see any latest EC filings from the company related to this matter. If its planned the way I am thinking, EC approval itself will delay the plan by 12 months or so.
Any thoughts on this aspect?
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