During Q2FY20 SHEP received new business confirmations for bottle caps from a Japanese company and for supply of rods to an automotive customer. Supplies for both will start after 6-8 months. They are also in negotiation with a large MNC in the personal care segment. Polymer volumes grew 10.8% QoQ. The CSF project and toy supplies will begin in Q4FY20. Due to the extended monsoon, labour issues and slowdown in the SHF business we have revised our revenue/EBITDA estimates downwards by 5.5%/7.2% to Rs 3789m/Rs 637m respectively in FY20E. In order to achieve...