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Techno Commercial Aspects of bio-CNG from 100 TPD Press mud Plant.

Conference Paper · October 2019

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 TECHNO-COMMERCIAL ASPECTS OF BIOCNG FROM 100 TPD PRESS MUD PLANT

S J Malik1 , B B Gunjal2 , Srinivas Kasulla3, Aparna B Gunjal4

ABSTRACT
It takes millions of years for dead organisms to get converted into fuels. Continuous usage of
these fuels is the major concern as these fuels are fast depleting. BioCNG is the purified form of
biogas where all the unwanted gases are removed to produce (>96%) pure methane gas.
BioCNG is exactly similar to the commercially available natural gas. This paper reviews the
production of BioCNG from Press Mud. Based on the studies in respect of techno commercial
analysis for BioCNG production from 100 TPD Press Mud plant, the project is technically
feasible and commercially viable.

Key word: Pres Mud, Methane, BioCNG


INTRODUCTION

We often call renewable energy technologies
“clean” and “green” because they produce few
of any pollutants. Climate scientists generally
agree that the Earth‟s average temperature has
risen in the past century. If this trend continues,
sea levels will rise, and scientists predict that
floods, heat waves, droughts, and other extreme
weather conditions could occur more often. We
all know that biogas is good alternative for fossil
fuels. Therefore, use of biogas should be done
as much as possible. Much work has been
carried out in obtaining biogas from various
sources like kitchen, human, animal and
agricultural wastes etc. The plants constructed
for these purpose are working successfully too.
As biogas is a non-polluting and renewable
energy resource, it is efficiently replacing the
LPG/CNG. The work proposed in this paper is to
study the techno commercial aspects of
BioCNG from 100 TPD press mud plant.
Press Mud: Press mud is a solid residue,
obtained from sugarcane juice before
crystallization of sugar. Generally press mud is
used as manure in India. It is a soft, spongy,
lightweight, amorphous, dark brown to black
colored material. It generally contains 60-85%
moisture (w/w); the chemical composition
depends on cane variety, soil condition,
nutrients applied in the field, process of
clarification adopted and other environmental
factors. Press mud from sugar factory typically
contains 70 – 80 % moisture, 5 - 9% ash and 20
- 28% volatile solids, with 75 - 82% organic
matter on solids. Sugar molasses has methane
potential. Earlier the biogas generated from the
treatment of press mud was upgraded in the
terms – H2S was removed and the H2S free
biogas was burnt directly in the boilers of the
same industry. Recently when the economics
and the profitability of the end use of the biogas
was looked into, it was found that BioCNG when
generated and replaced the fossil fuels is more
economical, apart from BioCNG there is another
by product which is organic manure. As
mentioned above first the raw biogas has to be
upgraded and H2S content has to be scrubbed
and removed which ranges from 0.1-0.3% (1000
ppm – 3000 ppm) and after removing the H2S
content the same gas is then passed thru the
CO2 scrubbers and the CO2 is removed and the
high pure methane is formed which is then
pressurized to 200-250 bars with the help of
high pressure compressor and is directly filled
into the cylinders designed for BioCNG/CNG.
Considering a project of 100 tons of press mud
per day (this type of plant runs for 365 days a
year), the main issue with this type of wastes is
it depends on the sugarcane growing as well as
crushing season which is generally for 160-180
days in a year. However the press mud
generated during 160-180 days needs to be
stored at the site and the same is used in 365
days. One has to design the plant based on the
sugar industry crushing capacity and availability
of the press mud. In this case we have assumed
100 tons per day of Press mud which will be
used to generate BioCNG, Liquid Organic
Fertilizer and Solid Organic Manure. The
technologies selected are CSTR digestion
technology for Biogas and PSA technology for
upgradation of Biogas.

1,2,3.4 – Sunrise Bio Tech Consultancy Services, Pune

Chemical composition of Press Mud:
well as a blending tank for mixing the raw
Table 1 material with the re-circulated water. From these
Parameters Unit Value buffer tanks the liquid goes to the anaerobic
digester. The specially designed stirring
TS %FM 27.7
mechanism inside the digester makes sure that
VS %TS 80.8 no clogging, no froth and no scum formation
Ash %TS 19.2 inside the digester occur. The stirring
Cod g/kg 284.5 mechanism is designed in such a way that it can
pH 6.3 be suited for any kind of biodegradable
substrate. The heat and temperature
Protein g/kg 30.6 maintenance system inside the feeding buffer
Lipids g/kg 25.6 tank takes care of a stable temperature inside
Sugars g/kg 22.5 the digester. This project also has a concentric
Cellulose %TS 11.3 solar based unit or a biogas boiler based where
the biogas shall be used to increase the
Hemi cellulose %TS 27.1
temperature of the water and this hot water shall
Lignin %TS 9.3 be circulated within the digesters which shall
TOC g/kg 122.5 help to maintain the temperature throughout the
TN g/kg 7.7 year with the help of the heat exchangers
installed within the digester. Further a digester
N-NH4 g/kg Not Detected effluent outlet is connected to the substrate
Phosphorus g/kg 3.1 buffer tank and via the re-circulation system and
Sulphate g/kg Not Detected the substrate manifold it is again pumped in the
C:N ratio 26:1 required amount to hydrolyze the feeding
Fresh matter (FM), total solids (TS), volatile solids (VS),
material. The generated biogas is collected in
total organic carbon (TOC), total nitrogen (TN) the biogas storage system after removing the
condensate through the condensate
Press Mud Digester: CSTR Reactor remover/moisture trap. The biogas plant is
The proposed plant works on a collection-flow- designed for minimum manual operation. Since
process. Press mud is guided into the digester the volume of daily waste to be processed is
with the help of a pump, several times per day. known, the plant is designed low on automation.
Additionally, recycled and treated water from the The daily operations, emergency shut down and
same plant is pumped into these digesters. The adjustment to change operating conditions are
treated sludge is pumped to the two digesters carried out manually with the help of an electric
when indicators show a certain level within the control panel provided along with the biogas
digesters is reached this is set via the control plant. The design of the plant is robust and
philosophy and is generally guided by the PLC. highly skilled supervision is not required. The
The digester is fully mixed by high quality plant can be operated by semi-skilled personnel
submersible agitators and will be operated in a with simple visual inspection techniques.
mesophilic (40°C) temperature range. This
combination leads to a stable process with good The system is a series of interconnected parts
homogenization results and a minimized effort with four basic components: digesters, a gas-
as far as area requirements and digester handling system, a storage lagoon to hold
volume are concerned. On the other hand it treated waste (liquid waste, or slurry), and a
aims at maximum gas yield which results in biogas cleaning and compression unit to convert
maximum greenhouse gas reduction. The the biogas into bio CNG or electricity, as well as
digesters are standing cylindrical tanks made of smaller components such as mixers, pumps, a
reinforced concrete and are equipped with a solid feeder, and valves. The biogas plant is
wall heating system. The digesters are covered controlled by a central computer (PLC & SCADA
with a double membrane. The anaerobic system) to guarantee operational safety and
digester system includes a fixed vertical ensure continuous operation to achieve
anaerobic digester with fixed dome and a biogas maximum biogas yields. The solids that are fed
storage system. The fixed digester has a waste into the tank along with water are stored inside
inlet which is coupled up with a waste fed buffer the Bio Digesters for decomposition or
tank. The buffer tank acts as a homogenizer as degradation of the Volatile Solids (VS) (Organic

2
 Dry Matter) present inside the feed substrate
(organic waste). The degradation is done in
digester of similar volume. Digester is
comprised of a concrete tanks: 32 meters in
diameter and 8.5 meters height x 2 no‟s with a
liquid volume of 6300 M3 with net volume of
5900 M3 per tank and a head space of 401.9
NM3 in the tank + 2480 M3 in the gas holding
roof for gas storage
Fertilizer storage for press mud digesters:
Each day, a portion of the treated feedstock
becomes slurry and shall be pumped into a
nearby storage lagoon. This slurry shall be
separated into solid and liquid manure. Solid
manure will be dried on land and excess liquid
component shall be sprayed on the rows of solid
component before further drying and bagging.
The project also experiment the value addition
of the liquid component of the slurry as drip
compatible manure.
Post Treatment of Digested Slurry for
pressmud digesters:
The digester will release effluent after digestion
of the required HRT. Out of the effluent some
effluent will be recirculated with the next day‟s
feed material whereas some part can easily sold
as the liquid fertilizer after evaporation as well
as transit losses. The daily overflow will contain
around 4-5% TS in the slurry. The suspended
solids out of this slurry will be removed with a
solid liquid separator. The separator uses a
simple screw technique to generate high
pressure and allow maximum separation of the
solids. The liquid overflow out of the separator
will contain approximately 1.5% TS. The
separated liquid can then be used to adjust the
daily water mass for the anaerobic digestion.
The final volume of liquid organic fertilizer on
daily basis shall be of some separated water
after secondary separation. The additional heat
from the solar concentrators, as mentioned
above, will be used for drying the water and
evaporation if required. This process can ensure
zero discharge of the plant. Total separated
solid organic manure will contain approximately
30% moisture. This can further be packed in the
bags with the help of a packing unit to allow
effective distribution and packing of the remnant
product.
Methane Up gradation:
This plant is designed, equipped and
commissioned to upgrade the biogas. The raw
biogas from digester is led through the
desulphurizer unit by gas blowers where the
sulphur content present in the biogas is
removed. The biogas contains ~58 – 65%
methane and ~32 – 35% carbon dioxide. This
desulphurized biogas is then led through the
Pressure Swing Adsorption (LPSA), where the
methane and carbon dioxide are separated. The
methane stream is known as Upgraded Biogas
(UBG). UBG is stored in a double membrane
balloon and then filled in cascade through a
manifold.
The enrichment of biogas consists of different
stages:
a) Desulphurization
b) Upgradation
c) Compression of UBG
d) Compressed Biogas (CBG) Filling
Bio-CNG Storage System:
The upgraded and compressed BioCNG storage
cylinders (cascades) are placed on specially
designed trucks and brought to a fuelling station
or at the customer site, where it can be
distributed into vehicles or use for their
application in furnaces. The cascades are made
up of high strength stainless steel which can
handle pressure upto 250 bars. The cascade of
capacity 500 kg, 400 kg and 100 kg are used for
transportation at costumer end. The total No‟s of
cylinders, to be packed into cascades are
depending upon the gas generation per day
which are generally each with a volume of 75
liters, which have a capacity of 10.5 kg each at
250 bars. At costumer end site PRS system is
installed which again reduces pressure to 1 bar.
Cost-Economics of BioCNG from 100 TPD
Press Mud plant:
The project cost and the details of the
economics are based on the following
assumptions:
 Press Mud plant capacity - 100 TPD
 BioCNG production – 3.45 TPD
 Fertilizer - 12 TPD
 Plant operating days – 360 days
 Press Mud rate– Rs 350 /MT

Electricity rate – Rs 7/KWH

Water rate – Rs 15/M3
 Selling price of BioCNG – Rs 46/kg
 Selling price of Solid fertilizer – Rs 3/kg
 Selling price of Liquid fertilizer – Rs
100/M3
 Estimated project cost Rs 1724.25 Lacs.
Equity 40% & term loan of 60% at 13% /
annum reducing rate of interest
3
The project cost and means of finance is shown
in Table – 2, Payback is shown in Table – 3,
Break-even is shown in Table – 4, the projected
profit & loss statement is shown in Table – 5,
IRR is shown in Table – 6, DSCR in Table – 7 &
Project balance sheet in Table - 8.
Based on this financial analysis, the financial
indicators of the project are as follows:
 Break Even Point (BEP) :66.44%
(avg in 3 yrs)
 Internal Rate of Return (IRR) : 18 %
(after tax)
 Pay Back Period (PBP) : within 7 years
(6 yrs & 10 mths)
 Debt Service Coverage ratio (DSCR) :
 Average DSCR : 1.44 (avg 6 yr)
 Maximum DSCR: 2.01
 Minimum DSCR : 1.00
It can be seen from the Profit and loss
statement that there are different figures every
year which is basically due to 5% escalation has
been assumed on overall towards revenue as
well as expenses on the project. IRR has been
18% after tax and is a decent project to be
looked into. All the figures assumed in the
project are already towards a conservative side
and hence it is quite a good bankable project.
The life of the project will be easily between 15-
18 years and with a payback of 7 years looks
very interesting. The calculations shown in this
paper are considering the interest rate to be
13% and loan tenure is 6 years if we reduce the
interest rate to 9% as soft loans are provided by
government banks which reduce the payback
period and the internal rate of return is far more
attractive.
Conclusion:
AD produces biogas which is a mixture of upto
60% methane as well as carbon dioxide and
trace gases and vapors. Upgradation of biogas
shall make 96+% pure methane which shall be
used as a renewable fuel. Environmentally, the
Press Mud biogas process and BioCNG
production is important because the methane is
effectively diverted, captured and used.
Therefore, the described project of 100 TPD
press mud to BioCNG reduces the amount of
methane allowed to dissipate into the
atmosphere, thereby reducing green house gas
emissions. In addition, by utilizing the biogas
instead of flaring (burning off) the methane, the
project contributes to a reduction in fossil fuel
consumption, further reducing green house gas
emissions. Also, this ability to consume
biological waste (Press Mud) materials keeps
water and land resources free from bacteria and
diseases.
However, there is still safety and environmental
considerations associated with biogas because
methane is a greenhouse gas, and also form
explosive mixtures when mixed with air. Thus,
for both safety and environmental reasons, the
described project will use the biogas as a part of
an energy recovery system through this
conversion of biogas into BioCNG. Still, there
may be occasions when unusually large gas
production will be seen than requirement to
convert to BioCNG. To take care of such
eventuality, a biogas flaring unit shall be set up,
to safely burn surplus biogas.
The Project will have a strong support from the
sugar industry, which look forward to the kind of
press mud Project for expected positive and
powerful economic, environmental and social
impact. Economically and socially, the use of
BioCNG to displace other forms of fuel will
reduce expenditure on fossil fuels. Also, jobs will
be created for both plant construction and
ongoing operations & maintenance. Additional
job creation is foreseeable as the technology
provider and the entrepreneur owning the
project shall focus on developing bio slurry
based organic manure, bio pesticides,
insecticides etc for which there is big potential
demand. This kind of projects hope to bring
highly affordable balanced plant and soil
nutrition inputs to correct the imbalance brought
about by rampant use of chemical fertilizers and
pesticides. Environmentally, the biogas process
itself and use of BioCNG instead of dirty fossil
fuels results in green house gas emission
reduction, resulting in a cleaner local
environment.
4
 REFERENCE

1 Malik, S J & Gunjal, B.B. & Kasulla,

Srinivas & Gunjal, Aparna. (2019).
Spentwash and Pressmud to BIOCNG -
An Overview.
2 Malik, S J & Gunjal, B.B. & Kasulla,
Srinivas. (2018). Study of Upgradation
Technologies to Treat Biogas from
Spentwash to BioCNG.
3 Nagl G. (1997). Controlling H2S
emission. Chemical Engineering Journal
104 (March): 125 – 128.
4 Trogisch, S., Baaske, W.E., et al. (2004).
Biogas Powered Fuel Cells. Trauner
Verlag, Linz.
5 Deepak Pant and Alok Adholeya
“Biological approaches for treatment of
distillery wastewater”.
6 Progress and perspectives in converting
biogas to transportation fuels: Author:
Liangcheng Yang, XumengGe, Caixia
Wan, Fei Yu, Yebo Li.
7 Upgrading techniques for transformation
of biogas to bio- CNG a review. Author:
Shailey Singhal, Shilpi Agarwal, Shefali
Arora, Pankaj Sharma, Naveen Singhal.
8 Efficiency versus cost of alternative fuels
from renewable resources: outlining
decision parameters, Author: Sanjay
Kaul, Raphael Edinger.
9 Biogas from Press Mud. Author: Karan
M. Agrawal, B. R. Barve, Shareena S.
Khan.
10 Peterson A. and Wellinger A. (2009).
Biogas upgrading technologies–
developments and innovations. IEA Bio
energy.
11 Kaul, S.N., Nandy, T. and Trivedi, R.K.
(1994), „Economics and cost
considerations in “Pollution Control in
Distilleries”, Enviro media, PB. 90,
Karad, India, pp. 63-67
12 Anaerobic co-digestion of sugarcane
press mud with vinasse on methane
yield. Authors - López González, L.M., et
al. Publication: Waste Management
Volume 68, October 2017, Pages 139-
145

5
 Table – 2

Project Cost

Deployment Rs. Lacs

Land* -
Site Development -
Building, Plant & Machinery 1,650.00
Preliminary & Pre-ops Expenses & 16.50
Provision For Contingencies
Working Capital Margin -
Interest during Construction 41.25
Financing Cost 16.50

Total Project Cost 1,724.25

Sources Rs. In Lakhs

Promoters Equity 689.70

Fin. Inst. / Bank Loan 1,034.55
MNRE Subsidy* -
Total Project Cost 1,724.25
* expected after one year

Table – 3
Payback Period

Statement showing calculation of Payback period

(Rs. In lacs)
Year Cash Inflow Cum. Cash Inflow Period (Year)

1.0 136.71 136.71 -

2.0 173.03 309.74 -
3.0 208.81 518.55 -
4.0 245.50 764.05 -
5.0 283.12 1,047.17 -
6.0 321.74 1,368.91 -
7.0 361.39 1,730.30 7.0
8.0 395.44 2,125.74 -
9.0 419.49 2,545.23 -
10.0 444.73 2,989.96 -
** Note: 7 Years in the above table mean within 7 years: on an actual it is 6 years 10 months

6
 Table – 4
Break-Even Point

YEARS
Sl.No. Particulars
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
1 2 3 4 5 6 7 8 9 10
1 Total Revenue 619.21 753.38 791.04 830.60 872.13 915.73 961.52 1,009.60 1,060.07 1,113.08

2 Variable Expenses
Cost of Feed Stock 105.04 127.80 127.80 127.80 127.80 127.80 127.80 127.80 127.80 127.80
Wages 44.00 53.53 56.21 59.02 61.97 65.07 68.32 71.74 75.33 79.09
Power & Fuel 168.18 204.62 214.85 225.59 236.87 248.72 261.15 274.21 287.92 302.32
Selling & Distribution - - - - - - - - - -
Total Variable Expenses 317.22 385.95 398.86 412.41 426.64 441.59 457.28 473.75 491.05 509.21

3 Contribution 301.99 367.42 392.18 418.18 445.48 474.15 504.24 535.85 569.03 603.87

4 Fixed Costs:
Operation & Maintenance 35.01 42.60 44.73 46.97 49.32 51.78 54.37 57.09 59.94 62.94
Interest on Term Loan 110.54 126.09 103.67 81.26 58.84 36.42 14.01 - - -
Interest on Working capital 1.95 2.37 2.47 2.57 2.67 2.78 2.90 3.02 3.14 3.28
Depreciation (Under SLM) 67.32 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90

5 Total Fixed Cost 214.82 252.96 232.77 212.69 192.73 172.89 153.18 142.01 144.99 148.12

6 Break-Even Point in (%) 71.13% 68.85% 59.35% 50.86% 43.26% 36.46% 30.38% 26.50% 25.48% 24.53%
(Fixed Cost/ Total Contribution) X 100
Average BEP in Three Years 66.44%

7
 Table – 5
Profit & Loss Statement

Year

Particulars (Rs. Lacs)

1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year

Revenue 1 2 3 4 5 6 7 8 9 10

Income from sale of CBG 456.47 555.38 583.14 612.30 642.92 675.06 708.82 744.26 781.47 820.54
Income from sale of fertilizers 162.74 198.00 207.90 218.30 229.21 240.67 252.70 265.34 278.61 292.54
Investment subsidy - - - - - - - - -
Total Revenue 619.21 753.38 791.04 830.60 872.13 915.73 961.52 1,009.60 1,060.07 1,113.08

Direct Expenses
Cost of Feed Stock 105.04 127.80 127.80 127.80 127.80 127.80 127.80 127.80 127.80 127.80
Wages 44.00 53.53 56.21 59.02 61.97 65.07 68.32 71.74 75.33 79.09
Power & Fuel 168.18 204.62 214.85 225.59 236.87 248.72 261.15 274.21 287.92 302.32
Depreciation 67.32 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90
Total Direct Cost 384.54 467.85 480.76 494.31 508.55 523.49 539.18 555.65 572.95 591.11
Operating Profit 234.68 285.52 310.28 336.28 363.58 392.25 422.34 453.94 487.13 521.97
Administration Expenses
Operation & Maintenance 35.01 42.60 44.73 46.97 49.32 51.78 54.37 57.09 59.94 62.94
Selling & Distribution - - - - - - - - - -
Interest on Term Loan 110.54 126.09 103.67 81.26 58.84 36.42 14.01 -

Interest on loan (Till subsidy

received) - - - - - -
Interest on Working capital 1.95 2.37 2.47 2.57 2.67 2.78 2.90 3.02 3.14 3.28
Sub Total 147.50 171.06 150.87 130.79 110.83 90.99 71.28 60.11 63.09 66.22
Net Profit Before Tax 87.17 114.46 159.41 205.49 252.75 301.26 351.07 393.84 424.04 455.75
Income Tax Liability 17.77 23.34 32.50 41.90 51.53 61.42 71.58 80.30 86.46 92.92
Profit After Tax 69.40 91.13 126.91 163.60 201.22 239.84 279.49 313.54 337.58 362.83
Cash Accruals 136.71 173.03 208.81 245.50 283.12 321.74 361.39 395.44 419.49 444.73

8
 Table – 6
Internal Rate of Return

Year
Particulars (Rs. Lacs) Outflow
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
1 2 3 4 5 6 7 8 9 10
Cash Outflow
Capital Cost 1458.25 0.00

Total Outflow 1,458.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Inflow

PAT 69.40 91.13 126.91 163.60 201.22 239.84 279.49 313.54 337.58 362.83

Depreciation 67.32 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90 81.90

Interest on Term Loan 110.54 126.09 103.67 81.26 58.84 36.42 14.01 0.00 0.00 0.00

Income Tax 17.77 23.34 32.50 41.90 51.53 61.42 71.58 80.30 86.46 92.92

Total Inflow 0.00 265.03 322.45 344.99 368.65 393.50 419.59 446.98 475.74 505.94 537.65

Total Inflow before Tax -1,458.25 265.03 322.45 344.99 368.65 393.50 419.59 446.98 475.74 505.94 537.65

Tax 17.77 23.34 32.50 41.90 51.53 61.42 71.58 80.30 86.46 92.92

Total Inflow after Tax -1,458.25 247.25 299.11 312.48 326.75 341.96 358.16 375.40 395.44 419.49 444.73

PROJECT IRR BEFORE TAX -4% 5% 10.89% 15% 18% 20% 21.46%

PROJECT IRR AFTER TAX -8% 1% 7% 12% 14% 17% 18%

9
 Table – 7
Average DSCR

1 2 3 4 5 6
Year
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year

Cash Accruals 136.71 173.03 208.81 245.50 283.12 321.74 361.39

Add
Interest on Term Loan 110.54 126.09 103.67 81.26 58.84 36.42 14.01

Total Cash Accruals 247.25 299.11 312.48 326.75 341.96 358.16 375.40

Interest on Term Loan 110.54 126.09 103.67 81.26 58.84 36.42 14.01
Repayment of Term Loans 0.00 172.43 172.43 172.43 172.43 172.43 172.43
110.54 298.51 276.10 253.68 231.27 208.85 186.43

DSCR 1.00 1.13 1.29 1.48 1.71 2.01

Average DSCR 1.44

10
 Table – 8
Project Balance Sheet

Year
Particulars (Rs. Lacs)
1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year 7th Year 8th Year 9th Year 10th Year
1 2 3 4 5 6 7 8 9 10

Liabilities:
Capital 689.70 689.70 689.70 689.70 689.70 689.70 689.70 689.70 689.70 689.70
Profit & Loss Account 69.40 160.52 287.43 451.03 652.25 892.09 1,171.57 1,485.11 1,822.70 2,185.53
Term Loan 1,034.55 862.13 689.70 517.28 344.85 172.43 0.00 0.00 0.00 0.00
Working Capital Borrowings 18.25 18.25 18.97 19.74 20.54 21.38 22.27 23.20 24.18 25.20
Sundry Creditors 11.54 11.54 12.11 12.72 13.35 14.02 14.72 15.46 16.23 17.04
Other Current Liability 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
Govt. Subsidy 266.00 - - - - - - - - -
Total Liabilities 2,089.43 1,743.13 1,699.92 1,693.46 1,724.70 1,794.62 1,904.27 2,220.47 2,560.81 2,926.47
Assets:
Fixed Assets (gross) 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25 1,724.25
Less: Depreciation 67.32 149.22 231.12 313.02 394.92 476.83 558.73 640.63 722.53 804.43
Net Block 1,656.93 1,575.03 1,493.13 1,411.23 1,329.33 1,247.42 1,165.52 1,083.62 1,001.72 919.82
Current Assets: - -
Receivables 30.96 30.96 32.51 34.13 35.84 37.63 39.51 41.49 43.56 45.74
Stock of raw materials 4.90 4.90 4.90 4.90 4.90 4.90 4.90 4.90 4.90 4.90
Loans & Advances - 1.50 3.00 4.50 6.00 7.50 9.00 10.50 12.00 13.50
Other Current Assets - 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50
Cash & Bank Balance 396.63 396.23 431.38 503.20 612.63 760.66 948.33 1,342.46 1,760.62 2,204.01
Sub Total 432.49 434.10 472.79 548.23 661.37 813.19 1,004.75 1,402.85 1,825.09 2,272.65
Total Assets 2,089.43 2,009.13 1,965.92 1,959.46 1,990.70 2,060.62 2,170.27 2,486.47 2,826.81 3,192.47

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