Raj Patel

Thank you for the opportunity. Am I audible?

Yes. So, my first question is, as we look into scale the EPC business, can you just explain the strategy going forward and what kind of project sizes will HIL focus on?

Okay. Thanks for the detailed answer. And my second question would be, Kaza is our currently largest toll collection project, right . So, could you just share how the project has performed so far compared to our initial expectations at the time of bidding? And does this experience give you confidence to do the similar kind of large value toll contracts going forward?

I just wanted to understand why the dividend payout ratio is so high for our Company. We have seen phenomenal growth of about 40% C AGR for the last five years. Do we see that we do not have enough growth opportunities, that's why we are giving almost Rs. 200 crores of dividend this year?