Integrated sugarcane-based biorefinery with niche bio-based specialty chemicals but sub-WACC returns.

FY27 base-case growth 12-15%

Share of Bio-based Specialty Chemicals in Chemical Portfolio — The proportion of bio-based specialty chemicals within the total chemical portfolio has shown a consistent upward trajectory, indicating a successful strategic shift towards higher-value products. While there was a slight dip in Q3 FY26, the overall trend over