Thank you so much @Pragnesh for your detailed thesis on this company, as well as the concall notes.
I really like how the company is leaning increasingly towards fully assembled/value-added products, instead of supplying “raw” electric steel laminations. It’s a significant forward integration and margin expansion opportunity.
Additionally, I like how the company is eligible for and is receiving multiple government incentives.
Finally, it’s no small feat to set up another company like this in India. The barriers to entry are significant.
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