Diesel for C&T is one of their biggest expense. They also have a heavy book from all the vehicles.
There was a default of payments from Mangalore MC, I couldn’t find much reports except AWHCL sending them a notice.
Not exactly a monopoly, but large a contractor. There are smaller players, all aren’t listed.
Safe – pollution laws can be tricky and they are making major investments in the Kanjurmarg plant. That could lead to growth from biomining and power generation.
My biggest concern is being B2G and the related problems that come with it. They do have a contract with one FMCG for EPR though. More businesses could branch out to contribution to profitability.
Disclosure: Invested for the long term, 3.3% of portfolio
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