Naive question: whenever there’s issuing of warrants or QIP, is there equity dilution? I would have preferred if they delivered a quarter or two of results with ME energy. After that, the Ambernath factory and now this Monga family – it makes for a heady ride but getting synergies at such breakneck speed isn’t easy at all.
The Russian carbon black supply shortage has resulted in companies like PCBL benefitting, and their orders of rotary dryers are benefitting Kilburn. We’ve seen chemical companies getting stuck in heavy capex at the top of the cycle – hope Kilburn management knows what they are doing and not just blindly extrapolating the past and present into the future.
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