The company is planning a capex of | 500 crore by setting up a sugar (10000 TCD) and ethanol plant (230 KLPD). The project is expected to become operational by November 2021. The rationale behind expansion of sugar and ethanol business is owing to the management belief that current government policies (sugar MSP, 50% interest subsidy on term loan for ethanol capacity and enhanced ethanol blending in petrol) are conducive and offer an RoCE opportunity (~22%) in the aforesaid business segments. The already existing sugar ethanol capacity has revenue potential of ~| 550...