Aadesh Mehta

Congratulations on fantastic numbers. I just have one question. Sir, [inaudible 0:47:14] for RAC industry and how are we positioned? What kind of inventory could you see building up for the industry as a whole and your outlook on growth?

In RAC business, are we seeing the next rating [inaudible 0:47:40] and consequently, are you seeing the inventory building up, in which year will that happen?

Congratulations on a good set of order inflows. I just wanted to understand, since January is already over, would it be possible to know what is our execution run rate for January?

Okay. No worries, sir. And sir, in terms of when we are seeing the new tenders, right, we are seeing that the delays have been -- especially the SECI and the NTPC tender, the delays have been slightly more than what would have initially expected. And even then, there is some delay in the bidding as well.

Got it, sir. Sir, while there is a saturation at the developer level, there could be some transition bottlenecks, right? Sir, would delays continue? What is your outlook on how long can these delays continue?