New to the story here. I had one query regarding the capex, if anyone has insights please do correct me.
GPL has almost 13-14% dep rate (on its Fixed Assets) historically. According to what I have read, the MP capacity has come online which had a capex of 300cr. So this should create an additional depreciation of atleast 300X13-14% = 40cr.
I don’t really see this increase in any of the reported results. The depreciation line item should have jumped. So has the capacity not come online yet or is it that they have changed the dep method to unit production or what is happening.
Thank you so much.
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