Thermax Limited CC-Mar24.pdf · 2024-05-24
I really congratulate you for a very good set of numbers and you are walking the talk for the last 3 years, 4 years from the time I have been associated with the company. Sir, before the disinvestment talks were there. You had given a guidance of sales of about 4,200 thereabouts in 2 years to 3 years down the line. But now since we are not disinvesting the foreign business, what would be your target for FY'25 and FY’26 for the revenue?
And also, sir, since our capex will be almost over in this financial year. And given the size of our order book, the government policies regarding the natural gases in CNG. Doesn't it make sense that since our capex is already covered with the cash in hand and the money that we are going to get from the disinvestment? Doesn't it make sense to take a leap of faith and really ramp up our capex for next phase for the Type-IV cylinders because you have some demand that you're not being able to fulfil. So why wait for someone else to enter the market -- would it not be better that we really gear for the next phase of capex and capture the entire market both for the car manufacturers and the CNG business?