Rakesh Kumar Jain

We have given the kind of range to you this time, and we are on the course of achieving those targets. In Q1 2025, we have already earned almost INR 1,994 crore of marketing margin from this segment, and we expect to surpass the current target given to you, INR 4,000 crore-INR 4,500 crore. For guidance purpose, you may consider now INR 4,500 crore as a minimum target for this financial year.

We have ability to change $0.70 to $2. We have ability to make it $2.5. Last month's close price for Henry Hub was $1.90 per MMBTU. The Henry Hub price sometimes reaches $3. We do the paper trading. We take the benefit of arbitrage.

Pipeline transmission is a monopoly. Wherever you exist, you continue to have those market shares. So we are 70%, almost 70% infrastructure share, so we continue to maintain those shares.

We expect to earn marketing margin of approximate INR 3,500 crore, today we maintain the same, that at least we will earn marketing margin of INR 3,500 crore in financial year 2023/2024, as informed earlier.

This segment is going to give you significant part of revenue and profit going forward, right from now.

We intend to bring 100% volume to India.