1. Grain-based ethanol distillery - Tadali - A 150 KLPD grain-based ethanol plant with a 3.3 MW co-gen unit is under construction at MIDC Tadali, with \~50% civil work complete, major equipment ordered, and ₹136 cr sanctioned by IREDA. Management expects the Commercial Operation Date in CY 2026, which would add a second large-scale manufacturing leg to a group that reported total segment revenue of ₹50.66 cr in the latest year.
2. Industrial storage - quick-commerce demand - Alphalogic Industries counts Blinkit, Zepto, and Swiggy among key customers, alongside broader warehousing demand from e-commerce and 3PL players. The subsidiary's racking revenue ran at a ₹45-62 cr annual pace across the last three periods, and rising quick-commerce dark-store expansion directly pulls orders for the medium- and heavy-duty racks it makes.
3. Industrial storage - automated solutions push - The subsidiary is entering automated storage and retrieval systems (AS/RS) and integrated racking systems, which management expects will raise capacity utilisation. Moving from standard racks to higher-value automated systems can lift the segment's 5-12% PBIT margin profile by increasing the solution content per order.
4. Industrial storage - export diversification - The company is diversifying into export markets for its racking and storage solutions. Exports open a demand channel beyond domestic warehousing cycles, at a time when the subsidiary has already built ISO-certified and BIFMA-accredited manufacturing in Pune.
5. Industrial storage - FPO for growth capital - The subsidiary's board approved a Further Public Offer of up to ₹24 cr, subject to shareholder and regulatory approvals. Fresh equity funding would reduce reliance on the parent's balance sheet - which carries ₹45 cr of debt - and let the racking business fund its automation and export expansion directly.
6. IT services - AI-led pipeline - The IT segment reports a healthy order pipeline focused on AI-led digital transformation and cybersecurity, with increasing traction in BFSI and healthcare. Standalone total revenue grew \~123% YoY to ₹17.27 cr in FY25, and converting a strong pipeline in these higher-margin verticals can sustain that trajectory.
7. Ethanol - regulatory approvals secured - Environmental Clearance, Consent to Establish, PESO licences, and in-principle DFPD approval are already in hand for the Tadali distillery. Having the full regulatory stack cleared removes the main pre-construction gating risk and keeps the project on track for its CY 2026 COD.