Yes definitely the revenue from EPR Credits will not be very significant for the company, but the EPR norms overall will help the company improve the top line because the consumption for recycled products like RC Modified Bitumen for road construction, etc might increase. But one thing to consider is that the company mostly imports it’s raw material, and has to pay the EPR duties for that, and they still have better margins in this case than if they were to procure the raw materials locally. In this case the raw material is the End of Life Tyre.
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