How world is so dynamic?
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My belief is that only geographic expansion does not work. You also should have a portfolio or product expansion. About five-six years before, we were purely a transmission company. We had power systems, we added cable, telecom, the railways and now we are adding water. Today, if you look at my order book, only 68 per cent comes from transmission, 32 per cent comes from businesses not with me five years ago. Today, if you look at the progress of KEC and ask me how I am doing this when the power sector is doomed, it is a combination of things, geographic expansion and portfolio expansion. Other than SAE, we acquired companies like Jain Signalling, merged the RPG transmission and the cable company.
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