we are also overlooking that ancillary revenues from CBG, Potash for fertilizers, etc
also there could be revision in tariff for bagasse based power so that more bagasse can be used for power generation and that is also renewable energy. no reason to keep the tariff at so levels of 3.5/ unit or lesser in some cases – these plants can be used for peak power supply in summer months. but govt policy is never rational or timely so may take some time to happen…
with all of the positives -even if some materialize there is huge upside of sugar companies. and they available at so low valuation.
even dividend yield in most cases will be more than 10 to 15%… and all have very low debt.
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