Sir, it's regarding infusion of capital by Oman government. They have invested in the subsidiary of GFCL EV, the Oman part. And previous all investment happened in GFCL EV India. Is there any valuation difference, if you want to share, it's well and good?
Okay. But it's the equity portion only, not the debt?
It's regarding the follow -up on the previous investor. According to Section 7 of the executive order, what they have freezed is the freeze of the fund for EV charging stations and nothing to do with the EV batteries or EV per se. And they are only talking about reduction in the IRA that $7,500. And I believe that has to be done only amended by the legislation or legislative action. And it requires a lot of effort. So is my understanding correct in this? And even that for Biden's target for new electric vehicle sales by 50% by 2030, '35, it was only a guidance, and that has been knocked down by the new President. So basically, it's the neutral. And with that respect, what is your view on -- with respect to our company? I think we are neutral or still there is an issue in that?
No, basically, it doesn't change anything because law-wise, they have done for battery charging station, one end.
Sir thank you so much for restructuring of the holding company of the GFL Group, whereby after 20 years, you are unlocking the value, the huge value creation for the minority shareholder of the holding company. I think very few managements takes care of their loyal shareholders by this kind of a demerger. So thank you so much for that. So sir, while demerging this, we are doing some structuring regarding the Wind business of the fluoro. So GFL will have any positive impact while they're doing this restructuring?
I understand that, sir. But my question is not pertaining to this. My question is, does GFL has any asset which will be merged into the holding company, whereby we can get some kind of a cash...
Sir, is it possible for you to quantify the revenue not booked due to the Red Sea?
Yes. Fair enough. And sir, any plan to reduce the cost of energy? It is, I think, biggest and the largest line item in the expenses. I believe we had thought that we should be buying wind or solar power from the C&I segment. So how can we save on cost of the energy going forward, and if you can quantify that amount?
Sir, you have mentioned about the legacy player being going out and we may fill in the gap, I believe after the exit of PM, there is a vacuum as far as PFA is concerned because Chemours is unable to increase the capacity of the PFA for semiconductor grade, is there any chance or are we looking at getting into the that tools and go to the North American market as far as P FA is concerned so that we can fill that gap which is unable to fill by the Chemours?
Sir, how soon it can happen within the next 9 months or after the exit of the PM?
Hi, sir, very excited about the GFL EV bouquet of the battery materials. Basically, only anode material is pending, otherwise everything mostly everything is given by us . That's a very long term and fantastic reason, sir . My understanding regarding the type of the batteries regarding lithium battery, sodium batteries and the solid-state dry batteries, which is now one or two large players are announced. For that, you require for a solid -state dry battery, you require dry electrolyte. And for making that you require PTFE. So is my understanding correct that a high -end PTFE will be required for dry battery. And that can drive the PTFE demand very largely. And in a couple of about three years, PTFE of this grade could be on short supply . And a very fantastic strategy of derisking the battery model, like whether it is lithium is working or sodium is wo rking or the dry battery working. Can you please throw some light on that, sir?
And sir, I think a very fantastic move by derisking the business model , whether lithium or sodium or soli d-state dry battery, we are there. Our skin is in the game. Is my understanding correct?
Dr. Bir Kapoor, I have a question for you. In your opening remark, the last statement you said next year would be better than FY '23, that is the previous year, which we shown the highest profit in life. So, it is FY '23 or FY '24?
So, I am just repeating. Next year will be better than FY '23.
Hi, sir. Is it possible for you to quantify the number of equipment supply and EPC for the balance in execution in the H2?
All right. Thank you so much.
Sir, in opening remarks you said about, there is some notification from CERC . Can you throw some light on that amendment with respect to the industry, how it would be helpful to the industry and our company?
I think it will be fantastic for us and the whole industry.
Sir, in opening remarks you said about, there is some notification from CERC . Can you throw some light on that amendment with respect to the industry, how it would be helpful to the industry and our company?
I think it will be fantastic for us and the whole industry.
Devansh, we have downsold our Nani Virani project to, I think, a related party. What are the contours of that SPV? Is it a yield-based platform or what is your thought process on that?
Basically, it will be given to the group entity so instead of setting up own captive power plant, they can buy power from this?