Vibhav Zutshi

First question is on the gas segment profitability which has seen a very sharp increase Q-on-Q on per ton basis. So, can you just provide some colour how much was driven by the distribution segment? Is there any one-off? And going forward, what could be the normalized level?

Got it. Thanks, sir, for the comprehensive answer. Just a follow-up here on the LPG situation. So, it looks like for you, the volumes kind of have completely normalized in June. So, is this understanding, correct? And for the country overall, like when do you expect full normalization because I think you're still down 30% to 50% year-over-year, things are improving, but just your thoughts over here?

Got it. Got it. And just second question is on capex. So can you just provide the guidance for FY27 and FY28 if possible. I think this year was somewhere around INR800 crores. So, it looks like we'll see a very big jump now, but if you can just quantify what's going on.

My first question is on the lithium-ion business. First of all, congrats on making a project of such big scale to near completion. Regarding the product that you have mentioned that will start in November, could you please provide a sense who are going to be the eventual customers? Because it looks like you are starting at cy lindrical and prismatic lines. So , they have other OEMs approached us?

Okay. Got it. So just a follow-up, when you say that two big 2-wheeler OEMs could be the first customer. So given that with Hyundai, we have a binding MOU now, so are we kind of i n that similar process with the 2-wheeler OEMs as well? Or that is something which is going to come next once the sampling work is done?

No, that is very helpful. Thank you. The second question is on the core business. Just curious on why such a sharp production cut was carried out. And obviously, because your peer posted a decent 8% top line growth. So when you say that consciously this was cut, is it demand which is just deferred? And are we confident that 3Q could be strong?