We are pleased to inform that the Company has received prestigious order from a major Gas Distribution Company, INDRAPRASTHA GAS LIMITED (IGL), a Joint Venture of GAIL, BPCL and Govt. of NCT Delhi, for supply of CNG Cascades (TYPE-IV Composite Cylinders) for a value of INR 54.0 Crores (appx.). Due to overwhelming response and existing enhanced capacity (Phase-I completed in FY 2022-23) sold out completely, the Company has undertaken Phase-II expansion plan for increasing the manufacturing capacity by 600 nos. cascades per annum with a total capital outlay of INR 125 crores appx. Subsequent to this expansion which will be completed by end of FY 2023-24, total manufacturing capacity will be 1080 nos. cascades per annum. Further, under this Phase-II expansion, Company is also making provision for manufacturing of Hydrogen Cylinders for seed marketing.