Any update on ethanol plant commission?
In Jun’24 results, no sign of ethonol numbers.
For Coastal Corp, the freight is by air or by ship?
Recently the freight costs have been reduced.
By ship only, it takes more than 30days for transist.
I heard in some concalls that US freight cost was not much impacted in the past few quarters due to containers unavailability.
Thanks. Last I checked in my circle, the freight has substantially reduced.
Anybody has AGM notes and update on ethanol unit.
Current distillery market is very fragile due to high grain prices
Ethanol plan to start production in Feb 2025
Update on ethanol plant status
Management is guiding for only 500 Cr top line in FY25, which is ~15% growth.
I looking for any margins improvement in Q3 & Q4 so that over all margins of FY25 can be at least 9%.
If we compare with Apex frozen then coastal corp margins are better in the previous 2 quarters due to better geographical mix (As they have added Japan to their portfolio).
I am expecting ethanol plant margins also near to 5% only in the current environment.