Sanjay Manyal

Sir, have just few questions on the recovery side. It seems that the current season recovery is slightly better. Just want to understand from the structural point of view, is there any possibility that Tamil Nadu and your catchment area, where the possibility of structurally the gross recoveries can improve to a level the way UP has seen in the past.

Sir, and my second question is on your view about the current ethanol scenario. We haven't really got the price hike in B heavy, and juice and industry have sort of moved to significantly B-heavy molasses based ethanol and sugar can juice-based ethanol. So what is your view on that? How you see the profitability will be impacted in the ethanol part of the business?

Sir, my last question on the branded business. So what kind of non-sugar branded business would be the part of the sales? And how you see this business say next 3 years, 4 years from the margin perspective and the size of the business. From the margin perspective, what kind of EBITDA margin you can generate in this business?

Sir, just few questions on the sugarcane availability , you mentioned that probably this season the rains are better , but the impact of last year rains will be there as far as current sugarcane availability is concerned. Is it possible for you to give a ballpark number, what kind of crushing numbers we would see in next season?

Sir, just want to understand one more thing about the recovery rate, the way North India or say UP or some of the other states have seen some of the varieties, sugarcane varieties which have given them a very high recovery rate, close to a gross recovery r ate of 12%, is there any long term plan or long term measures which Tamil Nadu or the southern states are taking where recovery rates structurally can improve to…

Sir, one question about the refinery business because we have seen last few years where the global prices were quite high, the spread between the raw and the refinery was also pretty high, but somehow we have not been able to get major benefit out of it , so what exactly a long -term plan as far as refinery business is concerned?