Good evening, my first question is on the IMACID expansion. How much CAPEX do we expect to incur in this expansion?
Understood, Sir. Yes. And in TAN, so now we have shifted the date to January. So , how much time will it take for us to ramp up the project and any expectation of contribution from the TAN business in FY '27?
Sir, my first question is on this PBT margin cap. As a trader, you have a margin of 8%. So, is it fair to assume that we do not consider this as a limit of cap on us and how do we see the margins? Because in the Con-Calls the manufacturers mentioned that they have a lot of headroom for margins. So, what is the case for us?
And sir, on the CAPEX side, so how much CAPEX have we incurred in the crop- protection side in 9 months?
Sir, my first question is on Equinor gas supply. Once the gas supply starts, that is from Q1 FY '27, which you mentioned earlier in the call. What will be the changes in our cost structure with regards to gas once the supply starts? Subhash Anand: The cost structure will be far more efficient, I call it. Our overall cost of production will be sizably reduced, I call it. And the breakeven point will be at much lower or within the price range, what we are talking.
Sir, any percentage reduction in cost, which you mentioned, sizable percentage number, right? Subhash Anand: It will be 20% plus.