Hi @aadhar.aggarwal and @jeewangarg
RACL cash flows from operations are positive and even if you include interest paid, they generated 40cr of free cash flow in ’23 which they used up in buying fixed assets of 78 cr in ’23.
I am not sure what CROIC is but I think if you look at the regular return on equity of the business it’s more than satisfactory at 25%+
Best
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