Any guess on the probable valuation of the Engineering business- the gear and the water business? The Company was very optimistic on the call about both the businesses. The Gear business ramp up has been quite slow so far and the water business margins have been low. Except the optimistic future laid down by the Management, the past doesnot give that much confidence. Additionally, the sugar business efficiency in terms of EBIT margins is the lowest among its peers, even the molasses division has the lowest margin. Any views on this would be helpful.
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