Thermax Limited CC-Mar24.pdf · 2024-05-24
Mr. Bharat. First of all, congratulations on such a great turnaround that you've accomplished in the last few years. I'll quickly go through a couple of questions that I have. So first, I wanted to understand the pricing difference in CNG cascades between the cascades that you make versus the cascades that are imported? And you see -- because you've grown at 100% year-on-year for the past couple of years. So why is nobody else putting up a plant in India? Is it quite expensive to put up a pla nt? Are you seeing any challenges going ahead in the -- are you seeing any competition in CNG cascade at all in India?
Okay, understood So, what you are saying is that as of now, you don't see any domestic competition in India and you are fairly confident of great growth in the next few years at least?