Dev Ahuja

We are discovering more efficiency opportunities even in phase one of Bay Minette. It makes us feel comfortable that besides the strategic rationale, even the financial rationale of Bay Minette is fairly intact even with the first phase.

The underlying positivity in the business is becoming better. Unfortunately, we are having extraneous events... When you take this out and you think about the underlying health of the business, things are really looking pretty positive.

We simply do not see a scenario where there will not be a settlement soon around reciprocal tariffs.

The contracts that we have entered into now are much longer-tenure contracts generally... a big bulk of the contracts have really been renewed at higher pricing right until the end of the decade.

We are in uncharted territory right now. This is the situation. So we will see where it goes.

We continue to say that as we move this fiscal year, which means in the Jan-March quarter, our confidence has gone up even more as compared to what was more than the capital markets day, that we will be getting to 525 for some.