Projects Pipeline
300 TPD CBG & 800 TPD dry fertilizer capacity by 2030 using ~10,000 acres of Napier cultivation (managed in-house).
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Aug 2025Plant 1 (Kutch, GJ) — 3 TPD; land secured for expansion
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Jan 2027Plant 2 (East Kutch, GJ) — 40 TPD; land by Kutch district govt
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Jun 2027Plant 3 (Surat, GJ) — 90 TPD; land post Vibrant Gujarat
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Q1 2028Plant 4 (Indore, MP) — 40 TPD; parcel consolidation in progress
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Q4 2029Plant 5 (Jalgaon, MH) — 30 TPD; land in place
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2028–2030Plants 6–8 (Ujjain/Dholera/Dahanu/Amreli/West Rajasthan)
Projections (Consolidated)
- 2027 Revenue: $55.77m
- 2028 Revenue: $70.27m
- 2029 Revenue: $99.79m
- 2030 Revenue: $110.87m
- EBITDA Margin (Scale): 81–84%
- Model Notes: Assumes 2025 prices (no increases), excludes carbon credits & fertilizer export uplift
Consolidated view; interest/principal handled separately in detailed model. 50:50 debt-equity envisioned per project.
Risk Overview
- Currency: Hedge via fertilizer exports & carbon credits
- Receivables: Contracts via market entities of govt; WC facilities
- Feedstock: In-house cultivation; cowdung sourcing
- Regulatory/Political: Alignment with gas import substitution & state incentives