Bagging of orders

An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.

• Execution period stated in the order
• Whether the order book total is disclosed
• Margin commentary at the next results
• We are on-track to meet our full year target of 25 million metric tons for FY '26. (management committed by FY26)
• We anticipate completing and partially divesting 4 of them within this financial year, followed by the remaini (management committed by FY27)