S. Ramesh

Thank you and good evening. So, when you talk about the pipes for the gas sector, what is the kind of annual revenue you can expect from that and when will you start delivering those pipelines? And secondly, in terms of the margins compared to agriculture and housing segments, is there any improvement in margins in the gas pipeline sector?

Okay. So, if you look at your results and the gross margin in that 33% range, do you see any levers to improve the gross margin and the share of the higher margin products improving in the next two years to three years? And secondly, in terms of the fixed cost, would you be able to get some operating leverage once you improve gross margin, what is the thought process then?

Okay. And finally, in terms of the variety of plastics including polyethylene, polypropylene and PVC which will possibly see an increase in supply based on the various petrochemical projects. How do you see the increase in supply helping the plastic proces sing industry including your Company?

So if you look at the Bina refinery expansion plan, when do you see the refinery expansion to be completed?

Okay. Now on the CGD business in the commercialized GAs, can you give us what is the year- to-date capex? And what is the capex you're planning this year? And when do you see the visibility on the revenue and EBITDA from the commercialized GAs on a standalone basis?

And what is the aggregate capex you've incurred to date on CGD?

So if you look at the Bina refinery expansion plan, when do you see the refinery expansion to be completed?

Okay. Now on the CGD business in the commercialized GAs, can you give us what is the year- to-date capex? And what is the capex you're planning this year? And when do you see the visibility on the revenue and EBITDA from the commercialized GAs on a standalone basis?

And what is the aggregate capex you've incurred to date on CGD?