K Manunath

Chetan bhai, congratulations on the consistent goodness of the numbers. My question is now you're planning an expansion and you want to finance it by internal accruals only. My suggestion is, why don't you go for a right issue for about 60% of the project cost so that the efficiency and economics will work out substantially.

But you will be taking at a substantial premium.

My only submission is, if the project cost is say INR100 crores. If you take a premium of even INR200, the project cost for the company will come to just INR10 crores.