Naushad Chaudhary

Two clarifications. First, on the EV chemical business. In last 2, 2.5 years, the -- a lot has changed in the overall EV project -related business from a pricing point of view and all. I was just wondering, has this also impacted in terms of cost or capex per ton or whatever metrics we follow from a capex requirement per ton for this business?

I'm sorry, actually, my question was basically because the metrics is changing for the industry. It was emerging industry initially, the capex per ton would have been higher. I'm just assuming because things have changed now, has the capex per ton requirement for the industry changed? Or is it at par what it was 2 years back?

Yes. So excluding -- ex of China, nothing much has changed in terms of capex requirement?