Volume growth subdued as ramp-up remains slow & steady: Revenue rose 7.3% YoY but was down 3.5% QoQ to Rs747mn. Revenue increase YoY was largely driven by volumes but the ramp-up of Mundra line was lower than our expectations as management pointed out that minor hiccups in ramp-ups were encountered. Realisations were largely flat on US$ basis but unfavourable...