Utilisation reached ~95% in Q2 (sharp increase from Q1 levels). While utilisation is expected to remain at peak levels, the company is embarking on a capex programme to increase the overall capacity by ~5 crore litre (increase of ~25%) with an outlay of | 95 crore (as per the management, 40% lower capex than a facility of similar size). The facility would be put up in West Bengal (ENA deficit state) and is expected to be commercialised in Q2FY22. Long term ethanol procurement by Government of India is expected to keep stronger ENA realisation while newer product launches...