Refex Industries · tone and specificity signals across the available quarters.
Language signals
We have been realigning the strategy. We have discontinued where margin is less like power trading, refrigerant gas which we have spoken and we are also our focus is more on growing the service business which is ash handling and the mining service business.
Wind will be a crown in the jewel. It will be really doing well. We have signed with top-notch IP players in India. Delivery is starting from February 15th onward. We expect wind business will be a crown in the jewels for Refex Industries.
Coal power plant is going to stay for next 20 to 30 years though renewable portfolio also will increase but coal power it is not going to get completely [replaced] for the next 20 to 30 years.
We always had a good EBITDA margin in the service business and since the power trading, refrigerant gas which is also kind of trading which that discontinuing has happened, the margin looks improved whereas we had the same margin earlier also.
We are the single largest. Other are fragmented companies. They are either working in two plant, four plant, five plant or one plant. So there is no competitor in the segment. Currently we have... The number two player should be about 25% of what we are today.
It is very difficult to give any number or guidance on this today. We are still in the process of localization of many products. So it is still I would say we will reach about 2 gigawatt by next year and capacity wise currently we are just still building the capacity.