Aniket Mittal

Yes, thank you for the opportunity. So in the presentation, I see an increase in the merchant capacity that you want to build out. It's almost doubling from about 200 to 400 MW. I just want to understand the thought process on that and what sort of realizations do you expect to see on this merchant plant?

In the medium term, did you plan to add more on merchant because you have been incrementally increasing our targets on that. Just from a portfolio level, is there like a percentage mix of merchant that you thinking?

Did the other part was just on pumped hydro, wanted to understand a bit better, let's say from a CAPEX perspective. Internally, when do you think the CAPEX in the pumped hydro should start coming in and let's say internally, what are your CAPEX estimates specifically in the pumped hydro front for FY'26 and FY'27?