HEG Limited CC-Sep23.pdf · 2023-11-16
Sir, recently, this Epsilon Advanced Materials, they have done an MoU with Government of Karnataka. And I think they're going to invest some INR9,000 crores for this graphite anodes plant only. So, are we -- so what is our understanding, sir, they are also going to make the same graphite anode that we are going to make and we are going to compete with them heads on?
Okay. And sir, I mean, what is your take on this? I mean, why they have shifted to US? Is it more cost efficient? Or is it due to better raw material availability, closeness to customers, what is your assessment?