Inventory liquidation to perk up cash flows Considering the company is holding large sugar inventory, monthly sales quota for the company's three UP based mills would be much higher in the next six months. With almost 1 lakh tonnes of exports, higher monthly quota and significant sugar sacrifice through diversion towards B heavy molasses, the company would be liquidating its excess sugar inventories in the next two quarters at higher domestic sugar prices. We expect more than | 350 crore of cash flow from operation by the end of FY20E. The company has...