Question : Beyond the container expansion, are there any ongoing projects or initiatives that could significantly impact the company’s future performance?
A K Chataiwala: Yes, let me tell you, we’ve already booked about 1,200 containers starting from April. For the year 1,200 brand new containers, we’ve given to one company in Ahmedabad. We’ve just signed the agreement. So you’ll be finding for the next year an increase in the revenues and the profits. Apart from that, in China, most probably you will be finding an announcement of, I think, Lancer placing an order for about 2,000 containers, brand new containers in China. So if you see taking all that into consideration, you’ll be finding an increase in the revenues and the profits accordingly.
Question :What is the expansion plan beyond this container? Do you
have any ongoing projects or what are the initiatives you would like to take for the company’s future performance?
A K Chataiwala: Now, let me tell you the future. We have already said what we plan is basically we plan to the containers to more than 40,000 to 50,000 containers. Going forward, we are also getting into vessel operations also.
So, the first vessel most probably should be in a couple of months, you can say the first vessel should be there. Then as we go forward, we might see where we can see new avenues to increase our revenues and profitability.
Question on QIP, New vessel and Operation time line?
Praful Jain: You see, there’s multiple questions which you have put across all together. I just go one by one. Coming to the QIP, the size is INR300 crores, which we are planning to do, and this is the entire money will be utilized for buying containers, which include liquid tankers as well as the standard dry containers.Now, coming to the vessel side, as I told earlier also, we are planning to do a vessel operations, most of from other self-accruals, and some of the money is been planning to be infused by the
promoter also, which will be put into the vessel side. And this vessel should be like 12 to 15-year-old vessel. We have, we are already looking into this vessel and hired a captain who is specialized more than 30 years into this vessel operation So, once we identify, we already identified two-three such vessels and we’re just looking to
which is much more feasible to take into our operation side. And then, second thing comes to transfer this money through the ODI route to my subsidiary and making this operational. So, I think, I believe within six-months period, we can be able to start these operations from the vessel as well.
Lancer Q3 Press release.pdf (1.5 MB)
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