This business is fundamentally a good Bank. But Promoter issue is holding the bank back. My main concern is that Bank management and Board don’t seem to have enough skin in the game to drive growth. Promoter issue will get resolved one way or other but then, if no one is driving the growth, making critical investments, then we maybe left with a bad to mediocre bank in 5 years time. Any suggestion? Happy to be corrected.

I had a meaningful position but reduced the position significantly after that raid news came up in July. I still have a small position.

It looks good but what about the future parks which are likely to be add one in a every financial year.?
In FY24 Orissa park,
In FY25 Chennai park,
Further in gujarat and other states??
When company is going with such huge capex in asset light model how you are giving the valuations based on only net profit?
Management is good, without rasing any significant debt they are completing the new parks surely tells about the quality of management.
If they are able to achieve the same 30% margins in the new parks also then defiantly it’s a 2-3 bagger from the current market price.
It’s a decent but even at the CMP.
Thank you

VinFast, the Vietnamese electric vehicle manufacturer a key competitor of Tesla and BYD, is preparing to inaugurate its inaugural production site in India, specifically in Tamil Nadu’s southern region. The facility is touted to be primarily dedicated to producing batteries for electric vehicles (EVs). Notably, this venture in the city of Thoothukudi stands distinct from VinFast’s earlier intentions to assemble vehicles using parts imported from Vietnam.

Niti Aayog is aiming to set up 15,000 tonnes per day coal to methanol gasification unit in a bid to cut crude oil imports

First pilot project of Methanol to Coal was developed by BHEL a year back.

Thereafter, NLC Coal to methanol plant is under commissioning to be completed by 2027.

Dankuni Coal Complex is coming up on build-own-operate model and produce 6.76 lakh tonne of methanol a year, and it is expected to be complete by January 2025

BPCL’s new petcoke gasification project will manufacture many value-added petrochemicals like acetic acid, ethanol, methanol, alcohols and hydrogen

There other couple of ongoing projects on coal to methanol too.
you may like to go through the road map ” mission energy” at the end of this post

This is excellent information, Apurva. Thank you for sharing.

Funding for the fight against TB is expected to pick up soon too, this has been discuased to a certain degree in Gujarat Themis concalls as they manufacture APIs for the Rifa chain. I’d infer that some should channel itself into AMR diagnostics for TB as well.