Yes there were discussions around it, but not much beyond whats already in the public domain. They have currently outsourced manufacturing of 3-W tubular batteries and will build their new plant with insurance proceeds. Until then, their gross margins will be lower as their tubular batteries will not be manufactured by them. You can see this in purchases of stock-in-trade which showed a large jump in this quarter. I think this will continue being the case until their plant is rebuilt.
| Subscribe To Our Free Newsletter |
