Sanjay Majmudar

We are refraining from giving any guidance on the margins. We are saying that we are operating at a decent margin and we want to continue operate at that level.

We believe that from next year onwards, at least 30,000 tons plus annual volume growth is what at the minimum level we are expecting or targeting.

Our solution works in three directions. One, it straightaway saves cost of this consumable ware part... two, sizably increasing the throughput... third, saves a lot of power cost.

We are absolutely clear and bullish on the prospects of conversion for the large number of mills that we are looking at from the force to our hydro solution.

This year, we feel that we might still end up the current fiscal year with a near flat situation.

We are not betting the house for it.

I think it will be not good use of everyone's time to now discuss a personal view.

We do expect some good conversions to happen within a reasonable period of time, say, hopefully next one or two quarters.

I don't see this as a structural reduction, but we are more analyzing it and understanding this to be more cyclical rather than structural in nature.

We are working on several opportunities that run into more than six-digit opportunity. You see? So it's not that we have stopped working on those opportunities, but it's just very unfortunate that the volume uptake from the customers has not happened the way we want or we had anticipated.

We want to wait and watch at least for one more quarter before we give you a clear volume guidance, at least for this year.

The whole problem of logistics is far more worrisome than what it appeared in the initial phases.