Apar Industries · tone and specificity signals across the available quarters.
Language signals
So there is a definite impact but the order inflow has already started coming in and as I mentioned with certain customers who want to avail of these incentives in the United States on the renewable energy there are certain timelines in which they need to deliver.
We have not reduced anything in terms of the capex that the company has announced. So we are going ahead with all our capex plans because we believe fundamentally that the demand is going to continue to remain strong.
Our sense is that more and more of this reconductoring will have to come up. CEA has also been lobbying with CEA saying please allow new lines to be laid with the top end conductors which is HTLS etc.
Our strategy is to continue to ride this period by making sure that we service customers there even though it means at a slightly lower margin.
We are still targeting hitting what our guidance is for the year and this 500 crores is going to help definitely achieve the top line.
Apar is clearly the leader in carrying current in all different forms... and carrying current business is going to only increase as the years come by.
We have concluded FI26 with a reasonably healthy growth trajectory reaching an all-time high revenue of 22,92 crores.
We plan to increase our capex for FI27 to about 1,500 crores in addition to the FI26 capex that we have incurred of 740 crores.
We expect that from on a medium to long-term perspective our conductor margins could be in the range of 35 to 36,000 per metric ton.