Thank you so much for the opportunity. My question is on the capex that we have incurred over the last three years, which translates to almost like a INR 2,600 crore of capex, but we are not seeing a conversion of this capex into the revenues for the last two y ears. And for that reason, the asset turns, which used to be almost like 2.5x, they have dropped down to almost like 1.5x now. So, wanted to understand where this capex is being directed to and, some sense in terms of how much of it is being focused towards the legacy projects and the new projects . And when do you expect this capex to be translating into the revenues?
But generally, I thought the gestation period used to be pretty short, right? We used to set up a plant in 8 to 9 months and then it used to start to flow into the revenues. Now this gestation period is seeming to be kind of wide ning. And INR 2,600 crore, how much of that would be spent i nto the R&D and technology developments and how much on, you know, actual steel on the ground?