So there is an exchange filing about incorporation of Kirloskar Advanced Systems. Can you highlight what specific is the plans with respect to this entity? How do you look at it, the next 2 to 3 years?
And the filing also mentioned about unmanned systems. So any adjacencies, how do you look at that? So are you going to expand to or it's, again, Power Gen related to unmanned systems you're looking at?
So there is an exchange filing about incorporation of Kirloskar Advanced Systems. Can you highlight what specific is the plans with respect to this entity? How do you look at it, the next 2 to 3 years?
And the filing also mentioned about unmanned systems. So any adjacencies, how do you look at that? So are you going to expand to or it's, again, Power Gen related to unmanned systems you're looking at?
So just one question on the exports. So Cummins globally, U.K. is a very big hub for them globally, right? And since now there is an India U.K. FTA, is there an increased from parent for supplying to U.K. since there is annual report also, we see transactions with Cummins Limited, which have been growing anyways, right, the U.K. entity, you have proposed to increase it by 26%, around INR1,167 crores, which is big, right? So is there a direction in that towards supplying more to U.K. entity basis the discussions with parent?
And just a clarification from earlier questions. You mentioned 31% Powergen growth is without any project business revenue, which you typically recognize in 4Q, right? So there is no project business revenue in this quarter?
So just one question on the exports. So Cummins globally, U.K. is a very big hub for them globally, right? And since now there is an India U.K. FTA, is there an increased from parent for supplying to U.K. since there is annual report also, we see transactions with Cummins Limited, which have been growing anyways, right, the U.K. entity, you have proposed to increase it by 26%, around INR1,167 crores, which is big, right? So is there a direction in that towards supplying more to U.K. entity basis the discussions with parent?
And just a clarification from earlier questions. You mentioned 31% Powergen growth is without any project business revenue, which you typically recognize in 4Q, right? So there is no project business revenue in this quarter?
Sir, just on the new Savli plant where a good portion of the investments had gone into over the last 2 years, right? So, out of the constructed halls, what sort of utilization has already happened in terms of the new lines? And what proportion of it would still be left for you to utilize in future? And just on the last part, you highlighted most of the plants are above 80% utilization. Is it true even for the new Savli plant?
And of the constructed area, what sort of lines ’ utilization would have already occurred, sir, in terms of the installed lines?
Yes. Just on the Bearings and Industrial Solutions. So, when I see this quarterly number or even the half yearly numbers, so we have around 16% - 17% year-on-year growth, right? So, in this being commodity looking to be constant, so this would be purely volume growth, or this has some value for pricing -led growth also and just a follow -up on this is, what would have contributed to the segment's growth? And how is Wind doing?
My question is just on the cash flows and balance sheet. 1H FY '25 had a lower cash flow conversion. If you look at in current assets, inventory has a substantial increase as well as if you look at other financial assets and other current assets, they have seen an increase. Any specifics you can highlight and which segments, say, Abrasives or Ceramics is causing this?
Specifically on inventories, if you can highlight, there also there is an increase. So is it a n inventory-led, RM-led phenomenon or more finished goods only? Similarly, you highlighted for trade receivables, right?
Thank you for the opportunity. My first question is on the large diameter tubes you had been talking about any update on that , any bins on that front and what investment you are doing on that?
Okay and how is the competitive landscape in that side of the business ? Because other people are also talking about investing in this business, they see money on the table, so how is that evolving?
First question is on the hedge rate. So, what was it for the last quarter? And how much it was for FY '25?
Okay. And from the existing capacity, we have around 2 lakh metric ton, how much of it is utilized? What is the utilization level currently?