• Ethanol order book: The company holds orders for 19 crore liters valued at roughly ₹1,600 crore, targeting a supply of 22 crore liters this financial year and scaling to 25 to 26 crore liters in FY28.
• Financial growth targets: Management confirmed that FY27 revenue guidance of ₹2,600 to ₹2,700 crore with a 10% to 12% EBITDA margin is on track, with a long-term roadmap to reach ₹5,000 crore in revenue by 2030.
• Feedstock supply security: The government's allocation of 90 million tons of surplus FCI rice secures raw material availability at discounted rates for the ethanol industry for at least the next two years.
• Capacity and deleveraging: Internal capacity is planned to expand by 20% to 25% over the next one to two years, while working capital usage will decline and the company expects to be debt-free by next year.