I think the mgmt started applying corrective action plans based on the lesson learnt in the past. A few I could see from their recent presentation are:
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Outsouring construction work - Core expertise focused on Engineering and Procurement; Civil activities outsourced
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Reducing Debt - Reduction in net interest cost due to reduction of debt and effective utilization of bank lines
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Focus on ‘Advanced technology, Value Added & High Margin’ projects enables to remain asset light (Patents, Technology Innovations, Tie up with ‘Pani Energy’ to implement applied AI, etc)
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Focuses on projects funded by Central Govt., Multi Laterals & G2G Funding
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Exploring future opportunities on
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Green Hydrogen (They are in discussion with Hydrogen Developers for collaboration as their water partner)
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Ultra pure water requirements for Semi-Conductor industry
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