Hi Gaurav,
Is this information reliable or can there be further delays?

I think we have already discussed the subject of Electricity generation from Green hydrogen through electrolysis and power generation through furl.cell and thereafter leading to grid connectivity.
Pilot projects are already running in several places in the world including India.

The only technical issue that still not solved completely yet in electrical supply chain was storage ( in terms of economies of scale), The main issue is consumption and generation happen at different times, So people believe hydrogen will be the storage as well as source for generation.

Great insights curious and good to see the CAGR of your portfolio…

I am finding Indmoney complicated in terms of depositing money…Which platform you use for trading in US stocks …

Wanted to understand views of all who are tracking this story in terms of oversupply that may come because of the capex that many other companies are doing?

1. Llyods doing capex for pellets and HR coils (long products) and GPIL is also doing similar capex. Moreover the quantum of capex for Lloyds is quite high as compared to GPIL. Also if we look in terms of the quality of iron ore, premium to be paid to gov. etc Llyods is pretty similar to GPIL (I know it trades at twice EV/EBITDA multiple as that of GPIL).

2. Shyam metalics is also expanding (though they are getting into low value products like pig iron, DI pipes, colour coated sheets, Steel wires). Some of these products like Steel wires are something GPIL is currently producing so there could be some competition in existing products.

3. Sarda is also expanding its capacities for pellets and other steel products like wires.

4. Last but not the least, all these players be it Lloyds, Shyam or Sarda , everyone is talking about integrated nature of business and everyone is also setting up power plants for captive consumption.

So the question is, if everyone is expanding their capacities, is there enough demand to absorb this new supply coming? Exports could be additional avenue but Gov. policies could spoil the game here.

Disc: Invested.