This quarter, we are seeing an improvement in the structural steel production to 16% from historical trend of 8% to 9%. What has helped to increase the structural steel production this quarter?
But in terms of the profitability, when we look at around INR3,100 per ton, this is still not sort of fairly good profitability. So what will be the reason that despite the increase in structural steel production, we are not seeing the corresponding increase in the profit?
I also want to understand in terms of the -- why we had given a Y-o-Y production growth on the oil side? The sales was -- there was a Y-o-Y decline in the sales of oil. Could you explain the reasons for the sales?
For the crude oil production, there has been a 4% Y-o-Y growth in this quarter as against that, there has been a 1% to 2% decline in the sales for the crude oil. What is the reason which has led to this Y-o-Y decline in the crude oil sales?
Sir, you mentioned that the Indradhanush gas grid is coming to the completion, with phase I likely to complete by either end of the year or early next financial year. For marketing our gas outside the Northeast, are we going to do it ourselves? And have we started talking to customers for additional sale of gas outside the northeast?
We started discussing with the customers up to Guwahati in that sense to sell the additional volume?
We mentioned that we are comfortable about the coal availability for the year, and we don't need to purchase the external coal. I believe we are operating our existing syn gas plant at around 50% capacity. Would we be able to ramp that up to 100% with the now domestic coal availability and will that improve the availability of metallics?
That will not help us support the ramp-up at the HSM. HSM ramp-up will be more linked to the start-up of blast furnace, is that the right way to think?
Just wanted to understand in terms of we have a capital allocation plan that we have specified the capex at INR 7,500 crores to INR 10,000 crores. What could be the impact on the project delivery either if we are at the lower end or at the higher end? Would this target be achieved even if we are at the lower end?
So the way I understand is even if we spend IN R 7,500 crores for the next 2 years, our target, we will still be able to deliver on all the projects without any delay for the purpose of capital expenditure. And even if we do INR 10,000 crores, there will not be any acceleration in this projects. Am I understanding you correctly?
Hello. Thank you for this opportunity, sir. One clarification on the petrochemical business. What was our gas sourcing cost for the petrochemical during Q1 and Q2?
Right, sir. And one more question was on the marketing division. Over past six months, if we look at the global market, we have seen spot LNG prices tightening, whereas we have seen the oil price expectation coming down for FY '26. So, what sort of impact would it have on our marketing business for FY '26? The change in this external environment?
Coming back to the gas transmission OPEX, basically, against the volume growth of 6% -7% during the quarter-on-quarter, we are seeing the gross margin increase of 23%. Would you be able to highlight the specific driver which has helped increase in gross margin?
Gas transmission business, yes.
Thank you sir for the opportunity. One question to understand about the sort of our vehicle pool. Would you be able to sort of divide it into two pools where the vehicles use typically 30 kilometers, 40 kilometers of run every day and the one which have th e significantly higher run of 100 kilometer plus. Is it possible to give some approximate number?
The way I wanted to understand was how much percentage of our CNG consumption will be coming from the higher usage vehicle, which would be less impacted by -- or which would be subjected to sort of the price change in the CNG. Would it be something like a 40%, 50% of the CNG consumption exposed to that very sensitive to price change?
Just wanted to understand more about the volume growth. From the INR25 crores scheme expenses that we have done this time, what is the translation of the benefit in terms of the number of vehicle additions? And was it primarily for the MHCV segment where we have spent this incentives?
Understood. About the commercial scheme, in terms of the INR25 crores that you have spent, which segment was it spent on?
Thank you, sir, for this opportunity. Continuing with a similar question with the sort of the lower allocation are probably the gas basket price for the primary sector has increased upwards of USD8 or so. And what is the differential that we like to maintain between the diesel and natural gas or in the petrol and the natural gas which will not deter demand in your view? Would you be able to share some color around it? This is the first question. The second question was you were referring to sort of doing some homework to see where we can reduce the cost. So could you also give us some more color in terms of the areas where you think the cost savings are possible both on gas purchase cost as well as the opex side?
Thank you, sir, for such detailed color and answer. One or two more follow ups. Basically, in terms of Gas Sourcing , would your preference for the oil link contract will increase, looking sort of that oil market is poised for sort of a, probably a price reduction from here over the sort of the typical current preference for the…
Could you share the series mix for this quarter?
And in terms of we said that we are not changing our FY26 guidance, so that remains basically the 20% volume growth with 18K-20K margin. That is what we are sort of reiterating and remain optimistic about, is it subject to sort of the export mix going back to 15%?
The question I would want to go back to the EBITDA per ton to understand better the impact. Is it possible to share what was the nickel inventory valuation loss that we accounted in this quarter?
This is primarily the impact related to the nickel and not the other impact on the freight which was additional?
We had, on the last call, mentioned that we had appointed a consultant for expansion to 2 million ton mine run rate and that report might be available by August, September. Would you be able to share highlights from the report and recommendations?
And how would that be linked to the exploration strategy because we will also have to sort of enhance exploration as well?
I had couple of questions. So, roaster at Debari which we are targeting to sort of start during Q4 FY25, how long would it take to ramp up to the full production rate of 160 kt and how would the contribution to EBITDA will develop over the period?
And what would be the additional cost of roaster operation?
Basically, in terms of the visibility, are the ir more buyers coming back for this make up cargo and do we have a plan communicated from the customers about their pick up in Q2 or Q3.
One of the customers, the way you said it, has picked up the makeup cargoes during the Q1 . Similarly, are there any more customers who have communicated to us plan about makeup for their Q2 or Q3?
In terms of sort of the additional refining capacity that we are looking at either of the 2 locations, you have previously stated that you like to grow the refining capacity to 45 million tons. So is this new refining within the 45 million -ton capacity target? Or are we looking to extend the refining beyond that?
Understood. In terms of the NRL, when it gets expanded, we will still have the right to market NRL products as well, so that would still remain our capacity and it will not necessarily be a shortfall?
In terms of sort of the additional refining capacity that we are looking at either of the 2 locations, you have previously stated that you like to grow the refining capacity to 45 million tons. So is this new refining within the 45 million -ton capacity target? Or are we looking to extend the refining beyond that?
Understood. In terms of the NRL, when it gets expanded, we will still have the right to market NRL products as well, so that would still remain our capacity and it will not necessarily be a shortfall?
Thank you sir for this opportunity. We have lined up very huge growth targets and you just elaborated on breakup of INR50,000 crores of capex. In terms of sort of taking the approval for this -- I presume, we'll be doing in some sort of packages. So what would be the first package that we will be lining up? Would you also sort of give us time line on when will we take the approval on this capex?
Understood, sir. And what would be the peak capex that we envisage over the next three, four years, at peak capex?
In terms of the -- would you be able to sort of separate out the GRM for Vizag? Indicate what was the Q3 GRM? And then how did it improve during Q2?
Because we've gone through a major change, it would be good for us to understand how it's improving from here to the bottom that will be the great.
Going back to the Bay Minette, couple of more clarifications. Would you be able to also give a split of $750 million that we are targeting to spend by FY '24? And second question was, we have discussed about sort of increase of the expansion being done at $1,500 to $2,500 per ton capital intensity versus the Phase 1, which is done at $6,800 per ton capital intensity implied basis. So, what are the specific components of infrastructure that has been created in Phase 1? Could you give a bit more color around it? Land, civil infrastructure, what sort of things that we are already doing in the Phase 1, which will support lowering the capital intensity for the next phase?
Thank you for this color. One more question on the India side, if I may. In terms of the EBITDA per ton that you have clocked around $880 per ton, do you think that this sort of EBITDA run rate is sustainable over the next couple of years? Or is it sort of higher than the sustainable average that we are seeing?