Welspun Corp · tone and specificity signals across the available quarters.
Language signals
The market size in KSA itself is so very big enough that I'm sure that everyone would have a reasonable amount of bookings. Let's not forget that we have been on the ground for more than 15 years. I think that gives us a fairly distinct advantage in comparison to the others.
We are not tracking through margin. Margin is a factor of raw material pricing versus the profitability. I would rather not comment on the margin side of it but I stand committed to the absolute EBITDA numbers we have committed to.
The best way would be to maintain the capacity levels at this level itself. I think everyone seems to have reached to a certain optimization level. Any newcomer putting up a plant is next to impossible and even if somebody ventures, they're going to bleed.
This is one of the largest orders we would have received in the last couple of years. This is a very clear indication that the American market stays very very strong buoyant.
There is a paradigm shift which is now happening in America. We are seeing a shift because of mushrooming of the data centers which is likely to happen in America.
We have a consolidated order book of close to exceeding 1.25 million tons and this is evenly split between India and US.
We are into the part of the value chain of the AI data center and we are seeing a huge surge around at this point in time. There are almost 8 to 9 pipelines which are currently being discussed apart from what have already been awarded. So I think that shows a very strong visibility for next 3 to 5 years time.
The strategy of being a local and yet a global player I think is panning out extremely well. We are a local player in Saudi, we are a local player in the US market, and we will focus on non-tariff markets from India.
We are very clear in terms of selecting and cherry-picking the projects on which we want to work. We operate on the top end of the pyramid and that is where we will continue to play. That gives us the niche, that gives me visibility and that gives me the margin.