I booked an FD in Kotak @7.2 for 22 months but withdrew it before 10 months. They charged me more than 27% of my interest amount. They gave me an overall interest of ~5.3%, credited only 4% on a prorated basis. Ideally, they should charge me 0.5-1% of my credited interest amount. I feel some fraudulent practice here. Can someone correct me if my understanding is incorrect? or if something is wrong here then how can I escalate it ?

FD Amount: 100000
The amount shown to me at the time of premature withdrawal: 105524
Amount Credited: 104028

Note: Their CC executives are pathetic, they were even happy if I close the account. Well, I’ll close the account soon, I have never faced this problem in HDFC.

While I mentioned a number of end applications for the recovered carbon black (rCB), further information can be read here [Applications].

IMO, there are a couple of big striking opportunities for the company.

a). One of them being substitute for an expensive virgin carbon black in the tire manufacturing.

Recently I read a 2019 news article at rubbernews.com wherein it mentioned Bridgestone Americas Inc began manufacturing tires with recovered carbon black. The tire maker said, rCB recovered from scrap tires retains a structure similar to that of virgin carbon black, allowing it to be used as a partial replacement for virgin black in tires. It said, rCB produced by depolymerization emits 81 percent less carbon dioxide per ton than virgin carbon black produced by a furnace reactor. Bridgestone said, it has purchased approximately 215 metric tons of rCB, the equivalent of about 64,000 end-of-life tires. This reduced carbon dioxide emissions by approximately 765,000 pounds compared with using virgin black. The company plans to use some 6,800 metric tons of rCB by the end of 2020, according to Bridgestone. This is equivalent to about 2 million end-of-life tires and a reduction of some 24 million pounds of carbon emissions, enough to power nearly 2,000 homes or more than 2,300 passenger vehicles for a year, the company said.

From the above use case, rCB holds immense opportunity for the Indian tire makers in terms of reducing costs and carbons emissions.

b). Govt. EPR policy compliance for the tire waste

What is EPR and How Does it Work?

Extended Producer Responsibility (EPR) is a policy framework that holds producers responsible for the entire lifecycle of their products, including their disposal and waste management. The objective of EPR is to promote sustainable practices and reduce the burden on local governments for waste management.

In the case of tire waste, EPR compliance requires tire manufacturers or importers to take responsibility for managing and recycling the waste generated from their products. This includes setting up collection centers, collaborating with recycling facilities, and ensuring proper disposal of end-of-life tires.

EPR Compliance for Tire Waste in India

In India, the Ministry of Environment, Forests and Climate Change (MoEFCC) introduced the E-waste management rules in 2016, which includes provisions for EPR compliance. The Central Pollution Control Board (CPCB) is responsible for overseeing and implementing these rules. https://www.eprtyrescpcb.in/rules/pdf/amendment-Rules-2022.pdf

Under these rules, tire manufacturers or importers are required to obtain authorization from the CPCB to operate as an EPR-compliant organization. They must also submit a detailed plan outlining their strategies for collection, segregation, transportation, recycling, and disposal of end-of-life tires.

Additionally, manufacturers must establish tie-ups with authorized recyclers to ensure proper recycling and disposal of tires. These recyclers must meet specific standards set by the government to ensure environmentally friendly practices.

To understand how EPR policy would benefit the tire recyclers can be found from a recent Tinna Rubber’s investor call.

So, in summary, the opportunities are immense; however, only time will tell how Hi-Green Carbon will capitalize on them.

I think it’s arbitrage trade, as the quantity is more they make some profit… I guess

Sony Financial Services invokes 10,00,000 pledged shares of Vishal Tayal, constituting 6.53% of the total shares of the company
251ea801-bfaf-4890-8e5a-a78d04c37e6f.pdf (723.9 KB)

I don’t understand how you’re calculating EBITDA & PAT as 52 & 19.89 Cr respectively for Q2 FY23. Moreover, the topline projections are 1800-2000 Cr not for 2024FY, but I guess 2025FY.

If you ask me the key lookout is their execution in the Aluminum segment, as they are facing some challenges there, being new to the space and it is also affecting their gross and EBIT margins, which as per the prior discussions should have added positively to the margins but that is not the case currently. I understand this does not have significant contributions to the top line, but that itself is another lookout for the shareholders to increase the pie of these other value products and control over the Opex cost due to the recent acquisitions.

Valuations are still exciting but if you want to see some fireworks, they will have to show some good growth% at sales and EBITDA levels (which I expect to remain subdued for a quarter or two conservatively). Or expect Mr Market to price in those assumptions ahead of the fundamentals.

Technically, I see strong buying interest below 425 levels and the recent move in the share price validates these assumptions.

Daily

Weekly

Discl: Fully Invested