Congratulations for a great set of results. Sir, my first question is regarding capex. You were highlighting how much capex will be required for the second copper stream that you have entered. I just wanted to understand with that in mind, what will be our FY27, '28 capex guidance for consol Lloyds now? And in line with that, with capex increasing, the earnings are also increasing significantly, but what will be sustainable net debt to EBITDA or leverage numbers for the company? And is the company looking for any deleveraging in FY27-'28? That will be my first question.
Questions across 7 calls
Jashandeep Singh
Nomura
Lloyds Metals And Energy Limited
Dalmia Bharat Limited
Thank you for the opportunity. Most of the questions have been asked by my fellow analysts , but just wanted to concentrate on the Northeast region. So a lot of investment has gone from Dalmia to Northeast and I understand this is a very lucrative region for Dalmia. But I just wanted to understand what's the, if you can give me a rough market size of that Northeast and what's the growth trajectory you believe the market will see. Because if I am not wrong, the top two players hold more than 50% of the market share. Just wanted to understand is North East is going on the same trajectory as East, where capacity, growth might outpace demand and hence there will be pressure on margins. So if I can just get the management view on that, that would be great?
Sir, I understand I am just asking about the market and not Dalmia specifically, but even if you say Northeast is growing at a faster rate, demand is growing at a faster rate in India, its capacity growth is also growing at a faster rate in India. So I just want to understand, do you think the margins will sustain for next couple of years, despite all the capacity that's coming here?
My first question is regarding demand and the performance in both South and East region in the third quarter. So how did you see the region South and East perform in the third quarter? And we saw some moderation in d emand in the second half of third quarter. So have you seen any recovery in both the regions in the first 25 days of January? My first question is this.
Sure, sir. My question was mainly in terms of volume only. My second question is, on raw material costs, especially slag and fly ash. So Y-o-Y, how much escalation or increase have you seen in especially in slag? Because I'm seeing that most of your power and fuel cost benefit has been offset by other raw material cost. So just wanted to understand how much slag cost and fly ash cost has increased on a Y-o-Y basis?
Thank you for the opportunity, I just wanted to ask you that since now we will be adding another 2.9 million tons so what is the new CAPEX for our total organic expansion? And also, if you can provide, if there has been any update on the FY'24 and FY'25 CAPEX guidance? Dharmender Tuteja First part question, can you repeat?
So, what is the total CAPEX for our organic expansion now from 43.7 million ton to 49.5 million ton? Dharmender Tuteja I will come back to you, but on the second part of the question the current fiscal year guidance is about Rs. 6,500 crores total CAPEX including about Rs. 3.500 crores for Jaypee acquisition.
SHREE CEMENT LIMITED
Congratulations on a great set of numbers. I just wanted to understand, since our power and fuel cost will most likely remain stable. And Shree Cement is the lowest cost producer right now. So what is the cost driver from where Shree Cement can see savings in future
Right sir, understood. And sir, one more thing on the volume and demand scenario. If I remember correctly, last quarter, you have given a target of around 40 million tons for FY '26. So given we have already been...
Ambuja Cements Limited
Hi, sir. Thanks for the opportunity. Yes. My first question is a booking question. You said 170 million ton of WHRS is coming. So since both the companies are still separate legal entities, can you tell us how much is coming in which company?
And what will be the current status of these, sir?
ACC Limited
Hi, sir. Thanks for the opportunity. Yes. My first question is a booking question. You said 170 million ton of WHRS is coming. So since both the companies are still separate legal entities, can you tell us how much is coming in which company?
And what will be the current status of these, sir?