Dear Neil/Shiv, any update on the start of KMLL? In the AGM the management had given a guidance of start by middle of October. What is the current status?
Also, where does the current consolidated debt stand as of now? Also, currently is all the expense relating to KMLL being capitalized including the interest being accrued? The balance sheet as of March 15 was 178 crores. If you take an average rate of 12% on 88 crores it works out to approx. 11 crores. The company cannot afford further delays or any kind of miscalculation with respect to returns from the project or else it has the potential to entirely wipe out the company.
Also, what will be operating expenses of KMLL? How long will it take before it becomes PAT accretive? It might be helpful to ask some of these questions to the management.
Abhishek.
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