Q2 FY2024 Notes:
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Increasing the wagon capacity from 700 per month to 800 per month by the end of this FY at the Kolkata plant.
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By the end of next FY, the Jabalpur plant will become operational and wagon capacity will reach 1000 per month.
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Margins will increase because of backward integration. Adding wheelset manufacturing capacity and starting a freight brake business in Stone India.
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New businesses: Launching EV in next two quarters with better range, payload and battery capacity.
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Drone business is under planning and discussion.
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700 crores QIP planned in next 12 months leading to equity dilution (Maybe will provide support to the stock price?).
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Current order book on wagons: 13,500 wagons worth of 5300 crores
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Expected orders: 20,000 wagons tender by Indian railways in mid-November. 10,000 export wagon tender expected soon.
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Management is expecting 25-30% of these tenders.
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