H2FV-17-C flender Helical gear reducers H2

Flender/Flender Gear Units/Helical gear reducers H2

bit of mixed view, but as said, 'll talk more about it towards the end. Reality is however that all the businesses did pick up. So, we did see turnaround in our industrial business. We did see pickup in government spending , both in the states as well at the center. That is what was reflected in both private spend as well as CAPEX of government spend kicking off in the period October to March last year and that' what is being reflected in our numbers. As we speak today, the opportunity pipeline stays healthy. There is no project cancellation. Our order book is still robust. There are some delays in finalization, not because the demand has gon down, but more because people are impacted by COVID . But there have been no project cancellations or rethinking of any investment decisions . Business continuity to large extent has been maintained. We do not have any concerns in our supply chain either in our ability to supply or the ability of major suppliers to deliver to us . Our factories and most of our project sites are largely operational. There are regional impacts of one side, or the other being impacted for short period of time because of labor falling ill or customer not available . But broadly this is not really having material impact on our numbers as we see right now and on our performance . Currently all our white -collar employees are working from home. Our factories are largely operational, some at higher level than the others, but that' basically function of maybe localized short -term lockdowns. But as said, it doesn' really have major impact on our ability to deliver or on the buying decisions of customers that are eing revisited. Page 4 of 1 We continue to focus on health and safety, and because of that we have been able to maintain business continuity, taking care of the employees, both white collar as well as well as blue collar and our employees at the site. On the 1st of Ma rch, we were able to clo