1) Oppo manufacturing is on track, with trial run in Q4FY27 and commercialization starting in Q1FY28. 2) The previously guided 50-100bps margin headwind for FY27 is less likely as pass-through lag narrows, subject to stability in current prices. 3) Railways EBITDAM guided at 15-16% for FY27 as execution mix normalizes and new capacities ramp up. 4) Management highlighted a potential CCL plant opportunity to...