I think almost all aspects of the content of the video have already been discussed either in this thread or in Bye Bye Diesel Petrol thread.

Whenever, we try to introduce a new better technology beneficial to mankind, It does not come up so easily, there is going to be technical challenges and so opposite views critics vs proponents and it is always good to listen to views both positive and negative. But the video appears to have been made from a “critic” point of view rather than a “critique” to make it more exciting and to draw more viewers to the content.
The alternate way to get green Hydrogen from.CBG in stead of CNG is well known and is under implementation in various countries including India and so also the battery storage system and hydro storage system

All the the nation’s have their own scientific and research wing and they work in tandem with each other to bring in a technological breakthrough to the world.

I remember when CNG technology in Automobiles was introduced in 2000, similar views were raised by critics- 200 bar pressure in CNG gas cylinder in a vehicle is a bomb in each vehicle – people said… But today Not only millions of CNG vehicles are on road , it is rapidly finding it’s place in every home as PNG.

Having said that in my view , with the kind of investments being made by all countries in research development work on Green hydrogen to make it affordable for mitigating climate change and decarbonise the economy, Green hydrogen is here to stay because of obvious reasons. The priority seems to be in this order.

(1) Nothing can replace Hydrogen as a feed stock for various industries e.g. Fertiliser , oil refining , steel and many other industries. currently Grey hydrogen being made from methane would be replaced either by Green hydrogen through electrolysis of water by solar wind energy or hydrogen from Biomass Gas or CBG. until massive CBG plants are built, but across all places though it can not take place overnight- feedstock collection and logistic is a big issue currently.

(2) For feeding renewable power to Grids , Green hydrogen has a role to play in terms of storage and later in converting to electricity during peak demand. Until adequate Electrolyser capacities are built up at affordable cost , alternative energy storage solutions like batteries , hydro storage are being implemented extensively.

(3) Green hydrogen as Automobiles fuel as both cell and IC engine version

Thank you so much Mahesh. Really appreciate. Wonderfully explained. Thats the beauty of this forum.

So i understand fortune of DFS is dependent on lounge traffic which is increasing rapidly and the traffic mainly comprises of credit card holders that get free access. I dont know about current credit card growth, but with several digital wallets / fintech apps (with post paid features) coming in a big way, credit card future looks gloomy – hence banks offering more such priveleges to lure customers (its their customer acquistion / retention cost)

Perhaps these fintech apps may also start giving lounge access to attract customer or make them spend higher (like banks giving for credit cards). I guess DFS should be getting some license fee / SAAS revenue from lounge operators as well

Hypothetically, if banks / apps stop giving such access, lounge traffic may dry down. I believe and trust DFS is trying to de-risk the business model and building other revenue alternatives within airport solutions.

Company has been doing well, however this quarter was muted. However thr interesting thing is that the company has written back provisions worth 100 crores (market cap- 650cr) that were done in 2022 making this quarter EPS jump to 50. Shareprice currently is at 400 levels.
Waiting for their concall on 30th to ask them about it.
Disc: Invested from lower levels

Another point, isn’t HDFC & ICICI more attractive than IDFC basis ROE/EPS/PE?

• Total production capacity to be 260,000 ton per annum by the end of FY24

• 20% Volume Growth is achievable based on recent order Wins which will start delivery from H2 FY24.

• Aiming FY25 Debt to Edita as 1.

• 30% revenue to be Non-Automotive by FY25. (This will Improve margins with supplies to Mining, Earth Moving Farm & Gen. Engg)

• TSUYO acquisition would provide a good platform for selling a complete EV Drive Train i.e. Motor Controller, Motor, Differential Assembly, Gears and axles.

• JMT Auto, TCIL could materially start contributing from FY25.

• FY26, Titagarh JV to start adding to topline. I think with a capacity of 2,00,000 Forged Wheels per annum, at 60-70% Utilization i.e. 150000 wheels, 800-900 Cr can be further added in the Top Line, considering 51% Share from JV)

• Margin Improvement of 100 bps every year till 2026 is very much on cards and achievable.

• I would like to see if they are able to bring Debt/EBITA at 1 by FY25 and how quickly Management is able to Ramp up JMT Auto.

While other Forging companies showing weak signs of Order Input, RK Forge is gaining market share, mainly International.