According to my gut feeling, This also means that, If not AGI’s plan is not adopted mmediately, HNG will continue to die slow death.
The recent fire in HNG’s Nashik factory points towards that. Their furnaces are old and haven’t undergone maintenance.
This means AGI will gain market share either way.
I feel that, if unfortunately AGI’s plan is shelved then HNG may go for rebid or liquidation, which means several years of further delay.
Sad state of affairs.
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