Page 41 - BCML AR 2019-20

We could have utilised Instead we stringently adhered
profits singularly for to the regulations.
corporate interest.

We could have kept an We hedged all our forex exposures,
open position in our avoiding any kind of major foreign
forex transactions. exchange loss.

We could have waited for We proactively invested in incinerator
the authorities to enhance
environment-related boilers in our distilleries and made them
regulations before investing zero liquid discharge plants instead.
deeper in compliance.

Strengthening our cash flows in 2019-20…

With the This helped The Company During the year The Company’s
operationalisation in reducing recorded a under review, cash flow from
of the Company’s sugar inventory recovery of 11.93% BCML exported operations
newly on one hand, (without factoring 2.61 lac tonnes of strengthened
commissioned enhanced ethanol in B-Heavy process sugar as per the from a negative
distillery in Gularia production cane diversion) quota allotted by of C523.01 crore
comprising the and moderated compared to the government. FY2018-19 to
B-Heavy ethanol working capital 11.58% achieved This helped in positive of C849.61
manufacturing outlay in 2018-19. strengthening crore in FY2019-20
process, the However, after cash flows.
Company diverted factoring the cane
38.3% of its cane diverted towards
crushed towards B-Heavy process,
this process. the Company’s
recovery stood
at 11.44% in
FY2019-20.

Annual Report 2019-20 | 39