Pelawatte's entire ethanol output was being purchased by DIST and hence escaping the 275% tax. 1/3 of the DIST requirement was from Pelawatte.
Even after the expropriation, the result is very impressive. However now the uncertainty is with regards to local ethanol production being able to keep up with supply.
DIST is a big stock with little movement due to the unfavorable news so far - it is worth watching.