This is official now. NCC has received this order along with JKumars and NCC’s share is 3200 Crores.

As on today (Sep 22), the order book is at 67000 Crores (minus the revenue being booked in the current Q2 quarter)

Dear @hitesh2710 ji

I would like to hear your views about the recent announcement of Glenmark Pharma selling 75% of it’s stake in Glenmark Life Sciences to Nirma, which is a relatively new entrant in the pharma space.

Nirmal will get 75% plus shares that will be tendered in the mandatory open offer process. There is an old history with Nirma not treating the minority shareholders well. Times have changed now. Any advice for shareholders of GLS that want to hold their shares as the GLS business is quite good?

Maruti Hybrid do have a dual battery system – one Lead acid battery and only a smaller lithium ion battery and therefore minimising requirement of expensive lithium, cobalt , nickel.
You may like to go through this link of Maruti web site.
Regenerative braking , yes I agree EV ‘s also have . But it finally it boils down to (1) total life cycle carbon foot print EV vs Hybrid and that Hybrid is having the advantage of not using any thermal electricity for recharging.(2) TCO- total cost of ownership per km.

When we say Ethanol in Indian context , we would always mean blended Ethanol for the time being as we have already achieved 12% blending and aiming to reach 20% by 2025 without any major engine modification . To that extent we would reduce import dependence. 100% ethanol , flexi fuel Engine would require major engine modification- but the basic IC engine remains the same. Therefore , the manufacturer has to upgrade the same Engine platform , though it may not be feasible to modify existing engines, but retrofitment of ethanol engine may be feasible

Maruti Hybrids has a petrol engine which could run on ethanol blend- which of date 100% oil outlets dispenses only blended
ethanol.

There is no denying that the Indian customers have accepted hybrids in equal numbers vs EV in Car segment and Brazil has millions of hybrids running with flex fuel / ethanol. So ethanol technology can not be challenged. Yes , to switch to 100% ethanol and fiex fuel , right now we may not have the right technology except Toyota. But industries can respond appropriately.

We can always accept or reject a study done by a premier institute, but we can not challenge the ground reality in Indian context and we will have to see how the technology evolves in a country like ours where we would have to depend upon imports which leads to supply chain disruptions depending upon geopolitical situations and volatility in price of imports and the fact remains that to make EV sustainable for long term in Indian context , the industries need to innovate , reduce cost , find alternative to Lithium cobalt nickel and don’t depend upon Govt subsidy ,( FAME 1/ FAME 2/ FAME 3 and so on.

Govt recently withdrawn FAME 2 only to force industry to Innovate and reduce cost which is unfortunately not happening since FAME 1 , 2015.

2022-23 AGM Notes:

In 2022-23, Rubfila expanded its production capacity in Tamil Nadu by 2,500 MT per annum, reaching a total of 27,500 MT.

In the fiscal year 2022-23, the world economy faced difficulties, including recessions in the USA and Europe, which had global repercussions.

Despite various challenges such as geopolitical tensions, supply chain disruptions, trade imbalances, and rising energy prices, India remained relatively resilient compared to other economies.

Prices of raw materials and inputs slightly softened, they remained high in comparison to the pre-pandemic period.

International shipping costs decreased by the third quarter, but the overall economic environment remained challenging due to decreased demand.

Many large companies had to resort to mass layoffs, contributing to decreased consumption and economic challenges.

Rubfila, a rubber thread company, faced difficulties as its primary customer, the garment industry, experienced reduced demand.

Tiruppur, known as India’s hosiery capital, faced a lack of orders, leading to factory closures and downsizing, resulting in significant job losses.

The decreased demand for garments negatively impacted the demand for rubber threads, forcing Rubfila to scale down production in the second and third quarters.

has set up a 1 MW solar power generating facility at the Tamil Nadu plant which is expected to help the company save on the power charges.

Current year’s utilization at 70% compared to 80% in the previous year, due to change in consumption pattern, slowdown in textile industry and global economy challenges

Consumer industry will more 6 to 8 month to improve

increasing footprint in internatinal market (Export as gone up)

Risk Factors
Incresing competition in rubber thread led to pressure on realization (price war)
Increasing Raw Material prices led to pressure on margins
International raw material prices (Latex) lower than the indian raw material (latex) current diffenerce is arround 40% we can manage if gap between 10 to 15%

The potential revenue of a rubber thread manufacturing company operating at full capacity will indeed be influenced by the price of natural latex.
In tissue business Plant Capacity Utilization is (50%) and conversion capacity utilization is 90%
The management’s optimism about the Premier Tissues business and their expectation of improving margins with a 20% top line growth guidance

No guidance on latex ruber thread business

The stock is in ESM-2. No intraday allowed. No margin allowed. You can buy only for delivery. Therefore, delivery will always be 100%.