Can you share the S&P report? or the Source link?

@jitnep If we further connect it to olefins supply-demand outlook…According to S&P reports and insider comments, the supply of polyethylene (PE) is expected to lenghten due to many Chinese plants starting their commissioning. Initially, packaging manufacturers were predicting that the demand for polypropylene (PP) and PE would rise by the end of 2023, but the current outlook has changed.

There are noises about combined effect of inflation and Federal Reserve rates, there are concerns that the demand for the plastic packaging products in EU/US might stay slow for around 2 years.

Mahanagar Gas – Story slowly unfolding.

Future Prospects –

1. Entered i MOU with BMC to set up to set up CBG plant in Mumbai with a capacity of 1000 tons per day.(Reducing carbon footprints – Which EV sector has not achieved)

2. Entered MoU with Baidyanath LNG for setting up LNG stations in Maharashtra and outside also.

3. MGL also launched a mobile application MGL-TEZ in partnership with the BEST, the
   transport company in Mumbai to facilitate convenient refueling for CNG commercial vehicle.

4. As far as our Raigad GA is concerned, they have connected 69,106 domestic households and 29
   CNG stations are currently operating there.

5. The Savroli station, which is having LNG dispensing facility also was recently commissioned.
   And they have started filling LNG into the vehicles from the Savroli station.

6. MSRTC currently, they are running about 120-plus CNG buses. And they are expected to roll out 450 more buses to be inducted in 8 MSRTC depots in MGL geographical areas by November or December of this year. So about 50, 60 or so will add on every month.
   (So those 450 buses will definitely contribute to volume addition over the next 2 quarters)

7. They have recently commissioned online CNG filling facility for the vendor Vithalwadi Depot.
   And are in the process of setting up CNG infrastructure in 6 more of their depots which are at:
   Panvel, Karjat, Pen, Roha, Alibaug, Uran.

8. MGL has signed a Share Purchase Agreement to acquire 100 per cent stake of Unison Enviro Private Limited (UEPL).

This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere) thereby providing new avenues for long term growth.

Disclosure – Not Invested

Some key updates:

• SGX has launched Ammonia Futures, citing other use cases of Ammonia (to make hydrogen) which can give us a sense of Ammonia Prices: Ammonia – Singapore Exchange (SGX)

• Average Ammonia Cost Quoted in Monthly Bulletin | Department of Fertilizers is 314 USD and looking at futures looks like in September was upwards of USD 400. This falls closer to profitable ranges for the new Ammonia Plant. Major supplier in Saudi Arabia Maaden has been in shutdown affecting spot ammonia availability. Although this is a weak quarter, the EBIDTA might get a good lift from ammonia profitability. Or at-least should be able to deliver the proof-of-concept for the same for the month of September.

• IPA prices have shot up by 30.0% on YoY basis and 40% in past 3 months. Deepak Fertilizers and Deepak Nitrite are the only domestic manufactures of these.

• Demerger to complete in Q3 as per management. Should unlock strategic investments and if re-listed offer tremendous upside. This is primarily because chemical businesses like IPAs and Mining should get much higher PE as they fall under speciality chemicals. Company is also working on solar nitric acid and steel grade nitric acid. TAN sales should pick up in Q3.

Markets are always forward looking, hence I believe there should be some upside in this stock soon. Looks promising on 1-year horizon.

Disclosure – Invested

Thank you all for the above points.
I was trying to find competitors of Bruckner who make film capacitor manufacturing machinery, does anyone have any information on this?
@sahil_vi: Thank you for sharing your conversation with the ex Bruckner employee. Did you get any such information through your conversations and findings?