Nikhil Chowdhary

Hi, Arunji Thank you for the opportunity. I had just one question. The EU has significantly probably reduced the safeguard quota for Seamless steel tubes and pipes. And beyond the quota, there is a duty of 50%. I'm just trying to understand, is the export revenue decline attributable to that? Or was it just geopolitical? And how are we planning to navigate such kind of quotas implemented in the EU?

Got it. But is it impact -- I'm sure like you said that India was exporting more than the quota. So, it will definitely impact players like us?

Got it. Understood. And just one more follow-on with respect to the spooling order that we have won. The solution that we will be offering, does it flow down from the CDU or what is the product like utility in the data center, like is it around the building? Or will it be flowing down the CDU?