When a participant in latest concall asked about the status of SG4 & 5, management said it’s currently, sort of, on hold.
That shows the company is not optimistic under present circumstances for further expansion.
Also, twice in the concall, Mr. Kheruka was virtually crying when he said they were felt alone helpless, no-one is helping them, no reprieve from govt, he further said on full solar panel value chain, glass was the only component without any duty protection. He again mentioned they are felt alone to fight their battle all alone.
All this shows the level of concern of upcoming bad times, although I was very impressed with the transparency and honesty shown by management in answering questions.
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