Jenish Karia

Sir, my question is again on the depreciation part. So, on a sequential basis also, like the earlier participant mentioned, there is a very sharp jump in depreciation. And also on the annual basis, the average rate of depreciation turns out to be around 7.5% to 8% of the gross block, compared to around 6%, 6.5% in the last year. So, what should be the annual depreciation rate we should be seeing going forward?

That’s helpful. Secondly is on the EBITDA per ton for the aluminum segment. So, currently, we are doing approximately Rs. 12 to Rs. 13 per kg of EBITDA for aluminum segment. Going forward, once the MCX hedging is in place, what do we see those stabilized EBITDA for aluminum segment?

And this is at the current utilization levels, Rs. 15, Rs. 16. So, as utilization levels improve, is there a possibility of per kg EBITDA improving or Rs. 15, Rs. 16 will remain constant?