It’s their part of core income i.e. freight
So nothing to worry

Topline is the main concern

Hi @Balas

The question is whether demand for sarees as ethnic wear is a sustainable trend?

In my opinion (I live in Chennai and have been to quite a few south Indian weddings). Saree or the half Saree more prevalent in south, have been replaced by western wear and leggings/kurti for casual wear. But when it comes to occasions (festive/weddings), you will find a large majority still wearing Sarees. Notably, Young girls/ladies have a fancy for Silk Sarees when it comes to festive occasions.

This has actually created a niche market where Silk Sarees are becoming a premium product.

i think schneider electric manufactures busbars

One of the reasons is the VIE structure. https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2011/10/vie-structure-in-china-faces-scrutiny.pdf
Chinese VIE Structure: Wall Street Continues to Ignore the Risks – GCI Investors

The second issue is already talked about in this thread which is poor accounting standards.

For me, the VIE structure takes away the confidence in buying Chinese stocks.

Also read about the Alibaba Yahoo standoff in 2011

Deep Dive into Green Hydrogen Theme

Hydrogen as theme, it would be better to look at pipelines, hydrogen storage and maybe a few of processor companies. No point buying RIL or any of the large caps as even at peak Hydrogen will form small percentage of revenue.

InoxCVA, Confi petro and time techno are involved or contemplating hydrogen storage.

Both Gail and NTPC have awarded contracts to Ohmium and Technip Energies(listed in France) for the Proton Excgange Membrane.
pib.gov.in/PressReleaseIframePage.aspx?PRID=1824727

Technip Energies Awarded India’s Largest PEM Based Hydrogen Project by NTPC | Business Wire

Read below for more understanding, We have two options. Proton Excgange Membrane and Anion Exchange Membrane. Corrsponding advantages and disadvantages mentioned below.

Proton Exchange Membranes Versus Anion Exchange Membranes – Alkaline Anion Exchange Membranes for Fuel Cells – Wiley Online Library

Major Manufacturers of PEM in India(both scale and pilot plants i have added).

• Ohmium : 500 MW to be scaled to 2 GW( American firm launches 2 GW electrolyzer fab in India – pv magazine India (pv-magazine-india.com)
• Cummins: cummins-hydrogen-generation-brochure-20210603.pdf .
• Reliance Electrolyser Manufacturing Limited: 300 MW
• John Cockerill Greenko Hydrogen Solutions Private Limited: 300 MW
• Advait Infratech Limited (consortium with Rajesh Power Service Private Limited): 100 MW
• Jindal India Limited: 300 MW
• L&T Electrolysers Limited: 300 MW
• Homihydrogen Private Limited: 100 MW
• Adani New Industries Limited: 300 MW

and Abroad

• Ballard Power Systems (Canada)
• Plug Power (United States)
• Hydrogenics (Canada)
• Nuvera Fuel Cells, LLC (United States)
• Horizon Fuel Cell Technologies (China)
• Nedstack Fuel Cell Technology (Netherlands)
• ITM Power (United Kingdom)
• AVL (Austria)
• ElringKlinger (Germany)
• Intelligent Energy (United Kingdom)
• W. L. Gore & Associates (United States)
• Pragma Industries (France)
• Umicore (Belgium)
• Shanghai Shenli Technology Co., Ltd. (China)
• Johnson Matthey (United Kingdom)

The thing is small 5kw Fuel Cells are commodity with small firms also making and selling the same since long time.

Hydrogen PEM Fuel cell 5 kw at Rs 4800000/piece | Fuel Cells in Bengaluru | ID: 2853374065912 (indiamart.com)

Detailed description of the entire green hydrogen process and process chain.

Green hydrogen: A guide to policy making (irena.org)

Various Process for making GH2 taken from Renewable hydrogen for the chemical industry | MRS Energy & Sustainability (springer.com)

Electrolyte and other catalyst consumption materials required for electrolysers.

Renewable hydrogen for the chemical industry | MRS Energy & Sustainability (springer.com)

This link provides an idea where GH2 will finally be used from refineries, steel and chemical industries to power and transportation requirements.

Storage Formats