Laxmi Organic Industries · tone and specificity signals across the available quarters.
Language signals
Essential business is a business to be viewed over the cycle. So we were at low single-digit EBITDA and we have now seen you know high double-digit EBITDA at least 11 to 12%. So we expect over the cycle the essentials to be somewhere the mid-range single-digit EBITDA would be a fair estimation.
The H project phase one and phase 2 as you are aware that the phase 1 was already capitalized which was around 15 to 18% of the total capex and 85% of the capex for the phase 2 will be capitalized during the second quarter.
We believe we still remain the leader in electrochemical fluorination and that is something we will leverage. We have a very robust pipeline for our specialty business new product development pipeline. There is an element of leveraging the electrochemical fluorination as a technology platform for some of those projects and in due course we will certainly make public the partnerships that we are lining up.
Bottom of the bottoms, somewhere in that range of $90 to $100 specifically for ETH.
The majority of the capacity has been lined up contractually with that customer.
We are at this point where you won't see double digit jumps but we will continue to sort of juice out our assets because we believe we are in a good cost position.
While yes on the capacity supply demand dynamics it is long but at these price points you are also seeing it is not sustainable to operate despite the fact you have capacity.
I think we will have to navigate it quarter on quarter. Chemicals is challenging. I do not want to wish that away. At least on the upstream feed stock lens we certainly see that things seems to be rebounding but I would still take it quarter on quarter.
FY27 would be the first year of qualification plus ramp up and FY28 is where we will try to further fast-track the ramp up.