Just one question is if you can give the volume, long term, and merchant volumes for the quarter?
Questions across 10 calls
Dhruv Muchhal
HDFC Asset Management
Adani Power Limited
Chambal Fertilizers & Chemicals Limited
Yes, sir. Thank you so much. So, you mentioned the urea volumes were lower because of some maintenance issues. Can we make these volumes in HY2 because you anyway have some buffer capacity that you can use or that would not be possible?
Okay. So, particularly on Gadepan 3, what you lost, for example, because of maintenance, that you can offset it by the production in HY2. So, the overall number at least from Gadepan 3 remains broadly the same on an annual basis.
Paradeep Phosphates Limited
So it's a repetition of the earlier question on the manufacturing capacity almost fully utilized. So as you may grow by 5% next year you will be about 90% capacity utilized on your manufacturing volumes. So just trying to understand, h ow much more can you do from de bottlenecking, and when do you probably wi ll have to go for the next phase of expansion and how do you time it better?
I am just wondering, are we a bit late in terms of the announcement given that demand is reasonably good, and also your capacities are fully utilized, or there is lot of scope from debottlenecking that you can try for one , two years. Because I am j ust wondering, if you announce the capacity expansion even today for granulation, it would take about one, two years, probably for the phase to come up. So just trying to understand this capacity constraint become a bottleneck for growth?
Sir, this quarter in terms of demand in segment seems very strong. But if I look at the production numbers for the complex fertilizers, 0.6 million tons that you have done for the quarter and a simple annualization takes me to about 2.3 million, 2.4 million tons annualized complex production volumes. This is against a capacity of 2.6 million tons. So I'm just trying to understand, is this a reasonable utilization level in terms of an annualized run rate? Or can we go higher than this?
Because I'm just trying to understand, this time you've done a lot of trading volumes. So there was probably an ability to optimize your production according to the best of your requirement, hence the extrapolation from this quarter numbers. So I'm just trying to understand, is that a right extrapolation or there's some more there?
Adani Energy Solutions Limited
Yes, thank you so much. So, the first question is on the C&I business. So, under this business, can you target only the ISTS-connected customers, or you can even approach the DISCOM- connected customers ? I mean, just trying to understand what's the landscape that you can address.
All right. And what is the economic model here? You do a back -to-back with a generator, say, for example, any green developer, you have an allotted group and a similar contract with the customer, and you earn the spread on it. So, how does the economic model work?
Yes, sir. Thank you so much. So, in your earlier call, you had mentioned that the capex target for the transmission business is about INR4000- INR4500 crores. So, do you stick to the guidance, or do you see any upward division to it for the next year, I think?
Okay. Sure, sir. And one bookkeeping kind of question is on your slide 46, you know, you have given the Kharghar-Vikhroli asset base, it is about INR13 billion. And if I look at the same number in the previous quarter's presentation, it was about INR. 18-19 billion. So, just wondering, is it changed because the assets got constructed and now you have the actual number or the earlier number was an estimate?
Adani Green Energy Limited
Yes, thank you. Probably a question to Raj, response earlier. So you mentioned 1,800 MW would be merchant of which 1,000 would be wind. So 800 MW merchant solar of the total 5,000 MW that you are planning to commission this year. But this 800 is pure-pure merchant. There would be also the pre-commissioning, the pre-COD projects that would be there right? Or this captures everything. 800 captures the merchant plus the pre-commissioning ones.
Sure. And just on the strategy of, probably just to get it better. So I understand the benefit of wind merchant but just trying to understand the solar merchant better. So even in the peak times, the summer times, we saw that merchant tariffs at least on the exchanges were about INR 2.5 or INR 3? And probably, assuming that India commissions about 25 GW, 30 GW or even higher, at least the government is targeting capacities of solar. Probably the merchant prices will fall even further during that time when the solar is generating. So how do you maximize benefit from this merchant sales of solar power?
Tata Power Company Limited
Sir, the developer order book, the developer under construction renewable projects that we have is about 5.5 gigawatt, including hybrid, and you're guiding for about 1.5-gigawatt commissioning, I think, for FY '25. So, would it be fair to assume the remaining about 4 gigawatt would get commissioned in FY '26?
Got it. So, this is the installed capacity number that we are giving. Perfect. That's helpful. And sir, secondly, would it be possible to give what is the EBITDA run rate for the current RE portfolio, I mean, the commissioned RE portfolio, which is about 4.5? On an annualized basis, assuming these projects were running throughout the year, what would be the EBITDA run rate?
Suzlon Energy Limited
Sir, the question was that the execution probably, as you mentioned, is probably the big thing to monitor and see. So sir, next year, you mentioned probably the industry can do probably 5, 6 GW. But sir, say, next three, five years, do you see the ecosystem and the setup moving towards greater than 6 GW or probably 8 GW? Because it seems the demand is there, whatever multiple factors as has been mentioned earlier. Can the execution exceed 6, 8 GW per annum? Is that -- I mean, is the sight visible there? And do you think the ecosystem is moving in that direction?
Got it. And sir, you mentioned that concentration away from land, I mean, multiple states will help. But is that a constraint for developers? Because, say, for example, if you move to MP, the cost of generation increase. Is that a factor? I'm just trying to understand. Is that the reason they're not moving -- I mean, themselves moving there? What's holding them back? I mean, if the issue is...
Torrent Power Limited
Sir, the first question was the electricity demand growth has been very reasonable across your circle, so if you can share some sense and we see that across India also , if you can share some sense on what is driving this, probably we understand some bit could be residential , but some incremental thoughts from you, particularly if I take T&D which is probably largely commercial and industrial area for you, there also demand growth is about 8% this quarter , so just some granular details on what your view is driving this?
So for your area say particularly areas which are relatively high industrial, if you split that between industrial and say residential, would the growth be similar in between residential and industrial or is there something which is growing more faster and something slower?