Team, I’ve a question regarding the CDSL balance sheet. Under the balance sheet section for Mar 2023, we can see CWIP of 173 cr which was 4cr for 2022. Can anybody throw some light on this particular section and how come it will help CDSL to unlock value. In a typical manufacturing co, we understand there must be some CAPEX at a forward looking view but for CDSL where net profit is close to 300cr then how come this CWIP is going to help the company?
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