Good afternoon, gentlemen. Congrats on a strong first quarter. Rameshji, the US $1 billion revenue aspirational target coming nearer, when are we expecting that to hit?
At that level, Jayaramji, it would be, the margin would be highe r than where we are today. As you stated, OSAT and PCB will have a higher margin.
Good afternoon. Congrats on a decent set of numbers. Rameshji, if you could give a broad idea about the company's rationale to enter into this new area of OSAT and PCB. And how will that change the complexion of the company over the next three, four, five years? And this being a new area, what are the challenges you foresee and how do you manage them?
Congrats on super set of numbers, as well as the acquisition of Bonatrans. Vivek, you have consistently tried to backward integrate and Bonatrans is a big investment in that direction. So the journey of Jupiter Wagons in backward integration direction, how are we after this are we done or is there still missing pieces.
Wonderful. And one side point, Bonatrans you paid around INR 270 odd crores for acquiring the company. So what -- currently, the capacity is 100,000 wheelsets per annum. So is it being poorly utilised -- what is the state of the plant? Why do we need to invest such a high amount of INR 1,000 to INR 1,500 crores. And what would have been the cost if you had to put a greenfield plant of a 1 lakh wheelsets per annum?
Mr. Chidambaram explained that by FY25 end there will be Vande Bharat supply will begin of motor, propulsion system and all that. And this year we are expe cting 40% growth as mentioned b y Mr. Srinivasan. So, could you explain a little bit in detail what is driving this significant growth and are we directly going to supply Vande Bharat, or it will be via other players? C. Balakrishnan Vande Bharat, we will be supplying directly to Indian Railways and other companies we are discussing with who got the complete train set orders, and this is how we want to enter Vande Bharat . Vande Sadharan and Vande Metros, they will be made by Rail Coach Factory in Kapurthala, or Modern Coach Factory in Raebareli, o r Integral Coach factory in Chennai. So, we might be supplying the composite converters and Motors directly to Indian Railways only to these production units. And what is driving the growth ? Railways used to traditionally manufacture around 1200 locomotives, they have gone up to 1500 locomotives this year . And t here is a limitation of approved supplier, approvals and propulsion system generally takes around three years’ time. So, we are one of the approved suppliers that gives us the privilege and we got the increased orders.
Other than your Company who are the other propulsion supplier approved for Indian Railways. Is it Minda?
Good afternoon, gentlemen. Congrats on very good set of numbers. And thank you especially, Mr. Chopdar, for giving us a very good overview of the company. Your business is quite impressive in what you have done in the last decade and a half. Now, what gave you strength to be patient, passionate for so long in such a hard business? And how did you manage the risk of failure or other risks?
That's very interesting. I'm sure given the way you kept going, do you have any company as a role model in your mind, like Hy -Ko Corporation of US, or Howmet Aerospace of US? Maybe you're looking to multiply your revenues and market share?