I want a proposal to show the obligation that arrives with its cash. A machine quotation is only part of making a kiln project usable. A customer advance arrives before the work it must help fund. An invoice-financing payment can leave credit exposure with the manufacturer. I have approved an incomplete project cash account, and that experience makes me cautious when a precise number appears to settle a decision whose scope is still unfinished.
The kiln equipment quotation was ₹9.8 crore, and I had supported a proposal that allowed it to stand for the project cash requirement. In 2019 we still needed ₹1.4 crore of civil work, ₹1.1 crore of grid connection and ₹0.7 crore of startup cash. Together those items brought the requirement to ₹13 crore. The additional ₹3.2 crore required approval and the project lost nine weeks. I was head of planning, and the incomplete framing belonged in my account of the decision. The correction made the cash requirement clearer; it did not make the original proposal complete after the fact.
Deeksha Veqthari
Chief Financial Officer