Arijit Malalkar

Thank you for the opportunity. Sir, I have a question that lot of sugar companies have been actively setting up their ethanol plant. So, do you think it could be a concern for your business? And what would be the demand-supply scenario now in the ethanol segment? And do you think that you have a upper hand over the sugar companies in the ethanol production?

On the demand-supply scenario. What is the demand-supply scenario of ethanol currently? Is it favourable?

Okay, okay. Sir, my third question is about that, do you have any upper hand in the production of ethanol over the sugar companies? Because they are integrated.