Yes, sir. Thank you for the opportunity. Sir, I just wanted to check about this NGEL pipeline. When compared to previous quarter, the full pipeline, I think, has reduced from 32 GW to 30 GW. Can you give some color on this? Why is this reduction and which projects have been removed?
Yes, sir, the consolidated green business pipeline.
Hi, sir. Thank you for the opportunity. I hope I am audible.
Sir, I wanted to get some sense on NTPC Green capacity addition. I can see the capital expenditure which you have incurred in the first half is around ₹6,000 crore.
Can you provide some colour on the Gujarat SPPA? What is the agreement over there if you are sacrificing any profit -- sharing any profitability on coal, what's the quantum?
Okay, sir. And in your disclosure for renewable business, we see that the PLF for solar is lower due to lower resource availability. And also there's a comment on curtailment. Can you quantify the impact of curtailment in FY '26 and your expectation in FY '27?
Hi, sir. Thank you for the opportunity. So, we are seeing a lot of state government bids for thermal power projects. I would be interesting to know your thoughts if there is any intention of adding Greenfield or Brownfield thermal capacity over here.
Understood, sir. Also, any update on the Delhi regulatory asset liquidation ? There was a Supreme Court order.
Hi, sir. Thank you for the opportunity and congratulations on the results. A couple of questions. I first of all wanted to check that recently the list of cell suppliers under ALMM-II was released. I think there were 5 or 6 players which are identified. Can you give any color why we were not on that list?
Sure, sir. That is helpful. I also seen in your presentation where you comment on individual businesses, so for the standalone business, a reason for decline in revenue has been attributed to change in the annual availability assumptions at Mundra. So, can you share what is the overall impact of these changes on the revenue? How much is the under recovery we are assuming at Mundra?
Hi, sir. Thank you for the opportunity. A couple of questions, sir, firstly on the cell module manufacturing business. I see in your presentation that we have commissioned a TOPCon pilot line as well , would you mind throwing some update on that? I mean, when do we intend to upgrade our PERC capacity?
Okay, sir. And sir, given the strong utilization which we are seeing for our cell module line, is there any plan to add capacity over here?
Hi guys, thank you for the opportunity. I wanted to ask you two questions. One was on the capex this year. We can see in the cash flow statement that I think you have spent almost INR650-odd crores on capex. If I look at your gross block, I think it has increased by about INR1,000 crores, adjusting for the government grant. Can you bifurcate this where has this capex been spent between module and other stuff?
Okay, so INR300 crores for the -- for land for the next for the cell plant that has been expensed this year. Understood. Sir, also wanted to touch a little bit more on the working capital position, especially on the cash generation. We have seen your profit increase materially and it’s commendable. T he profits, I mean, operating profit has increased from INR750-odd crores to almost INR1,800 crores, so it’s more than a INR1,000 crores jump. But when I see this after adjusting for the wor king capital movement, there is -- there has been a decline from INR625-odd crores to INR200 crores. So, I want to understand two things. One is on the inventory front. So, why is it that the inventory has built up? Is it a timing issue? And by when do we expect this to be cleared out? And secondly, should we expect it to result in some sort of a r eduction in production going ahead or will it be managed at the current utilization rates?
Hi, sir. Thank you for taking that question. I had a query around the battery commissioning. When should we expect the first BESS to be commissioned? And secondly, will it be modular, as in, like solar modules, can we keep on adding these containers and probably start operating them parallelly, or do we have to require for a site to reach a critical size before commissioning it?
And so we will be charging these using the merchant power?
Sir, I was just curious about the Utkal PPA. You said that it was a single part -- single tariff bid. Just wanted to know in case there is a back down for the plant, how do we get paid? As in, will the state pay the entire ₹5.8 tariff or?
Okay. Understood, sir. Sure. The other thing, sir, on Salboni, the tariff for Phase 2 is -- the fixed tariff is around, what, ₹0.40 higher than Phase 1.
Hi, sir. Two questions. Firstly, on the equipment supply, you said it is improving and we are ordering in advance. Any chances of Chinese imports again being allowed in, especially in certain categories? And secondly, sir, we have been one of the early movers in the data center business. Any update on that now that we're finally seeing the traction over there? Any plans?
Okay, sir. And on the data center bit?