Hi, please note that a lot of capex in past has been for setting up windmills and thus not on core plant machinery. Capex in windmill besides providing low cost power on LCOE basis, also provided tax savings (accelerated depreciation of 80% in one full FY in the year of investment).
I am not much conversant with balance sheets, but someone into it can perhaps explore how much capex has been in windmills and plant machinery. This should provide a better view on FCF. Infact, it will be helpful if such an analysis can be posted here. Many thanks
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