@sivakkri I remember the CFO mentioning in one of the con calls that raw material fluctuations are generally passed through to their clients. So, not sure of this.
@Surender The worry about power business being nurtured by the telecom business is very difficult to verify. If for a second, you put yourself in the shoes of the promoter and ask where would you like to bet on for the next 3-4 years? If feel it should be in telecom business where they can create huge market cap. This would not be possible if an annuity kind of front ended cash guzzling business is saddled on the EPS driven telecom business. For me, the key question is “Can the telecom business grow multiple fold in a profitable way?” and not “Is the promoter underestimating the value of power business and later profit from it?”
Vijay
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