Company is part of the KCP group of T.N.
The company has the best managed sugar mill in A.P with the highest procurement of sugarcane in A.P
New sugar unit of 5000 tcd at pothvaram is operational.
They have 30.5 mw of green power capacity now operational.The pothvaram plant has a 18mw boiler which can be used with coal as a feedstock.
The ethanol produced by the company is of a higher pedigree and is offtaken by Pharma companies thus fetching a higher rate.
Current capacity 13500 tcd
Power 30.5 mw
At cmp 180 stock trades at 1.2X BV and at huge discount to its replacement value inline with the industry.
Do note that the management paid just 1700-1800 rs per tonne to farmers last year to procure sugarcane.
Whenever the sugar cycle turns around this stock should be watched.Either this year or early next year.
T.T.T.
Discl: have the stock in core long term folio.
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T.T.T
THE TECH TRADERS
T.T.T
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