• Lactogypsum project capacity: The Kumbhi plant will process approximately 115,000 tonnes of gypsum derived from 80,000 tonnes of PLA per annum to produce 63 lakh gypsum boards, generating an estimated ₹150 crore in revenue.
• Fund utilization breakdown: Out of the ₹450 crore raised via a preferential issue, ₹160 crore is allocated to the lactogypsum project, ₹230 crore to fund the PLA plant capex escalation, and the remaining ₹60 crore for general corporate purposes.
• PLA capex revision: Project capex for the PLA plant has increased from ₹2,850 crore to ₹3,080 crore due to elevated shipping costs, adverse currency movements, and minor engineering changes, while commissioning remains on schedule for Q3 FY27.
• Ethanol sector outlook: Geopolitical tensions have renewed government focus on energy security, creating positive momentum for ethanol price increases and higher blending initiatives like E21, E25, and E30.