Joe Shah

A bit busy day because after AGM, we are starting with the con call. Anyways, Mr. Panda, I understand we expect to sell ferrochrome to India, and I understand that ferrochrome demand in India is a bit weak, mainly because of stainless steel flats are imported from China and stainless-steel producers are happy converting them into finished products.

Now ferrochrome production of Samancor and Glencore from South Africa will start and expectation is that they will produce 4.5 million tons of ferrochrome per year. So now what will be its impact on short -term ferrochrome prices as well as on chrome ore prices?

I want to understand the timeline for auctioning of polymetallic mine with the composite license. I understand that a deadline is 31st March 2027. Am I right? Subhrakant Panda: What auction are you talking about?