My one question is more with respect to your long -term goal of achieving a 1 billion ton of cargo. And with that regard, after the injection of Australian asset, is it fair to say that bulk of the incremental volume growth would be domestic? And in that case, can you tell us what's in your mind with respect to brownfield expansion in your existing terminals versus possibility of a new acquisition or a greenfield development in the region?
Yes.
I have two questions. If you can bring all of us to this speed with respect to developments in Sri Lanka, Vizhinjam, your recent acquisitions and also any incremental colors that we can share with high support, then we must appreciate it.
My question is more around the fact that Adani Port has already achieved its fiscal year and debt-to-EBITDA target of 2.5. And given your strong cash generation north of INR15,000 crores EBITDA. Can you give us a picture of how should we think about your capital structure, growth opportunity, both within India, outside India, logistics and ports? And then or -- you are actually ready to drive net debt-to-EBITDA to even lower level in a scenario of not finding any suitable target.
Dialling from home. Is it any better?
Thank you. Congratulations on a great set of results. If I may have two questions. Maybe first maintenance question. The sequential yield deterioration, at least on the back of the envelope calculation, is it more to do with the mix change or there are some discounts which occur in one quarter versus the other? And my second question is, can you give us a timeline of your capex outlay for the Keni project, how the INR4,000 crores will be spread over the next several quarters and years? And with that regard, what sort of capital structure will you be comfortable going forward given how strong your balance sheet is at the moment? Thank you.
I was looking at your quarter -on-quarter revenue and the quarter -on-quarter volume. And on a blended basis, it shows a bit of yield erosion? It could be.