So congrats on a good set of numbers and on the commissioning of the blast furnace as well. So just one question which I wanted to check. So your delivery on project commissioning and capex has always been strong and efficiency focus has also been strong. What are your thoughts on improving the raw material security? So as of now, obviously, everything is market-linked, both iron ore as well as coal. Any thoughts that you have, any plans in terms of improving the raw material security going ahead?
Questions across 12 calls
Anupam Gupta
IIFL Securities
Shyam Metalics and Energy Limited
APL Apollo Tubes Limited
The question was on the EBITDA per ton number which you have put in the PPT of Rs. 5000 for FY27 targeted. But just do the math from your current number and assuming there no inventory losses and you have this Rs. 500 discount rolled back; thus it will be operating leverage, it will come throug h, ideally it should be Rs. 5,000 per ton in the next two quarters itself, in fourth quarter itself, in fact, assuming there is no further this thing, so are you assuming adverse mix incrementally? Because let's say you'll push out more of general structures, given that the competition there is much lesser or how are you looking at that number specifically?
And the second question is on the utilization of the Raipur facility at this point of time. Last quarter you mentioned it was close to about 60%, what is the number for the 2nd Quarter?
My question is on the capacity expansion, which you have highlighted in the presentation in 9- month presentation, the capacity expansion now is more in heavy and super heavy and that plant in light and general structures is lower now. So, where this change happening? And what is the thought process behind this?
In terms of the CAPEX and the capital allocation, so obviously your cash flows are very strong as is visible, so the next couple of years ’ cash flows would obviously be significantly positive. So, what is the plan in terms of allocating that between CAPEX incrementally over the next 2 to 3 years, if you can outline that a bit ? And also, any plans of any sort of a buyback which can happen over the medium term?
Jindal Stainless Limited
Just a couple of questions. Firstly, you said the economy is the priority. So, when do we see sort of ramp up starting from at Chromeni and what sort of volumes we should build in for this year?
And secondly on the debt side, now that you have seen a reduction in this quarter, what is the expectation of debt for the end of this year?
A couple of questions from my side. Firstly, a boo kkeeping, what was the mix for the volumes for this quarter for 200, 300, 400 series.
Okay. That's fine. The second question was on our NPI. So what is the status now? Are you sticking to that second quarter commissioning and what sort of ramp-up we look at for NPI.
AIA Engineering Limited
Sir, two questions, firstly on this mill liner thing. So, when you say 20,000 tonnes of incremental capacity, will this use castings from your existing plants or how will it work ? Because Rs. 65 crores CAPEX seems to be a bit small for this sort of a capacity.
And second question relates to the disruption which is there. So, two parts to it, o ne is, you said conversion is slow, have you seen your Magotteaux taking advantage of this at all?
Tega Industries Limited
Yeah, thanks a lot for the opportunity, sir. First question is on McNally. So is there an order book number which you can share including...
Yeah. So the question is basically for McNally, is there a sort of an order book number which you can share including the NMDC order which is there?
Thanks for the opportunity, sir. The question is for Mr. Mohanka. Now that you've almost done a year of operations at McNally, just what is the best way to decide whether you can make sure what are the expenses that you pay at McNally and how do you overcome that specifically? And in that context, also, why is the growth of the IRM between McNally and the small...
Am I audible now?
Tube Investments of India Limited
Thanks for the opportunity, sir. So a couple of questions. Firstly, on the EV side of it. On the three-wheelers, you have a passenger offering. And so why n ot launch a cargo offering at the same time and be in that market as well? So what is our strategy there in terms of thought process? And similarly, on the same line, sir, is if you can -- you have earlier highlighted that you'll launch further models in t erms of tonnages for trucks as well as in tractors, but what's the sort of time lines there as well? So if you can give some picture there.
Okay I understand, sir. So the second question is related to the Moshine and maybe the broader electronics picture as you see it. So Moshine obviously gives you a small entry there. How fast can we ramp up especially given the news which was going around o f a couple of weeks back, but broadly what is the strategy there? Will you focus more on the manufacturing part of it? Will you look at assembly to start off with? What is the strategy if you can outline that on the electronic foray part of business?
Good morning. For the EV business, you said that two launches happened, very recently for the three-wheeler business we saw your TV ad being launched on the net we saw that . Can you talk about that a bit later how the journey has been ; there were some supply chain issues which y ou had referred to last call , so how that progress is happening and what sort of progress you should see in terms of launcher in the northern part of the country as well?
Sure.
Coal India Limited
Sir, just one question I have. In your presentation in the balance sheet, receivables has jumped quite a bit versus INR13,000 crores start of the year to INR17,000 crores now. What is driving that? And where do you think it will settle given that you have excess inventory at your hand at the past months as well?
Blue Star Limited
Firstly, is on the RAC and the Commercial Refrigeration business. For the next, let's say, two, three years, what sort of product gaps do you still see and where you will invest incrementally for the domestic market?
Yes, in terms of the product portfolio, as you have expanded your portfolio, you have covered a lot of gaps already, but incrementally?