Did anyone attend the FY24 AGM? If Yes, request your views. It Would be great if you could touch upon: Why skipped the dividend? Any reasons for the OPM fall? Any plans for 100+Cr. cash or almost cash on the balance sheet? Overall impression. TIA.

Hi Folks, I am curious about the impact of expected metal price increase on EBIDTA. I know promoter was saying margins will grow. Do you know if Man Industries pass thru the metal price increase with these contracts/order wins or do they have to absorb them? I am guess this current drawdown is due to bullishness on metal prices esp. from chinese govt

D: Invested recently

There are 4 practical ways , renewable energy from Solar from wind can be stored for Grid stability.
1.Traditional Hydro power stations being executed by NHPC/ SJVN by constructing Dams in flowing large rivers, which are either snow fed or rain fed. (disadvantages – long gestation , high capital cost , depends upon Rain, and environment issues – limited scope, can not be built every where )

2.Advanced battery storage system popularly known as ACC, BESS ( Disadv- import content lithium ion battery expensive, requires regular maintenance , recurring expenditure- 10 -15 years life)

3.Pumped Storage Priject popularly known as PSP -easy to built- all that you you need two reservoirs- one at higher elevation and the other at lower level and a set of Pumps and motors. Good life cycle 50, 50 years- no import content (Requires a lot of space , can not be built every where )

4.Green hydrogen as a storage medium – During peak power, solar wind energy can be used to run electrolyser which can convert water to Green hydrogen…during lean power period green hydrogen can be used to produce power by the help of a fuel cell.
This may be ideal , compact , no environment issues ,( disadv- currently expensive …may be in future as technology evolves, capacity would build up and price could could come down)

so currently , only 2,3 are preferred mode and no 3 is becoming more popular for immediate need for next 6-8 year.

There are a lot of stuff available on Green hydrogen thread. One of the post link given below in which you would get all the information that you need. ( also you may please go through JM financial analysis link at the end of the post.
Also please let me know how you want to connect with IEX.

It’s high leverage keeps me from taking it to conviction level 3 from level 2, and also the chart pattern where it hasn’t corrected enough.
I’m not an fii dii though.

Interesting article

https://www.orfonline.org/expert-speak/-market-coupling-in-the-power-sector-is-india-doing-enough

Sharing a gist of it :

• Market coupling would fulfil its objectives only if India were to take the Market-Based Economic Despatch (MBED) route, where the country’s entire generation becomes market-driven. However, when the share of trade through market exchanges is a mere 7 percent of the total generation, market coupling could fall short of discovering a uniform market price.
• Globally, market coupling has been introduced to integrate two or more electricity markets or geographies. The proposed market coupling in India is unlikely to yield any benefit as it would only be a coupling of power exchanges without adding new geographies. Further, the dominance of IEX over almost the entire market share in collective transactions wouldn’t change the price discovery or liquidity and have a negligible social welfare impact.

So we would end up having uniform power pricing for less than 10% of the Electricity traded over the Exchanges while more than 90% of the Electricity generated would be negotiated via their own Long Term PPAs. We would still end up with non-uniform prices.
NOTE: These PPAs are sometimes 25 year long contracts and are still being negotiated/awarded making uniform pricing a pipe dream even in the future.

Seems more like the Government / Power Ministry is merely using the buzzword “Market Coupling” to shine in some International reports without any actual benefits on the ground.