Most of the questions answered, just one question on the Q4 PAT so we have recognized deferred tax assets. So how much exactly we should adjust in the reported PAT for this...
I'm saying in the EPC contract that we are doing, the transmiss ion part will also be handed by us. Is that correct?
First of all congrats on a good set of results. Sir my question is since we have you know completed nine months and regarding our guidance, right, 60% growth across all parameters and around 2.5 gigawatt of deliveries. So 1.6 gigawatt we have already done. I am not expecting any numbers but directionally how do you see is there any change in guidance or how do you see Q4 panning out?
Sorry that the voice is not clear.
Congrats on the great set of results. Sir, my first question is on the pipeline. So, what is the near- term pipeline that we foresee? And if you can also bifurcate it in PSU, non-PSU segments?
And my second question is on the O&M segment. So if you look at the EBIT for this quarter compared to Q2 FY '25, it's lower INR1.5 billion versus INR2 bi llion. So could you help us understand why the dip in the share in O&M segment?
First question is on the margin side. So let's say, given the i ncrease in PSU orders and C&I Orders in our book, can we expect improvement in margins, espec ially in the WTG segment? And second related question is, will the part of this improvement in margins would be offset by, let's say, increasing share of WTG in the overall revenue mix c ompared to, let's say, higher margin O&M business?
Okay. And sir, the 60% guidance that you have given. So if we consider this on the -- solely on the WTG installation. So considering the, let's say, inflation and other factors, can the top line growth be higher than 60% or 60% is for top line as well that is the guidance?
And my first question is on this RLMM norms that are coming, ri ght, which maintain the domestic procurement of towers, blades, gearbox and generators. So just wanted to understand in terms of the capacity that we have or the procurement that we do? How are these four products are we procuring -- how much percentage of this has been procur ed domestically? And if there is some portion that is not then what are our plans to do that?
Sir, one related question is when -- so you have mentioned that we have enough capacity in India itself. But when we look at the competition also, so that means they will likely will not face any challenges. So because of what I'm referring to is that NITI Aayog paper wherein the compliance was mentioned as lower for some of the other peers. So I was just thinking, do we have any advantage -- competitive advantage here because of this or -- but there is enough capacity, so there may not be anything like this, right?
First question is on the intrastate opportunity. So what do you think like annually, what's the pipeline and what kind of bidding number that we are looking at?
Okay. And sir, my second question is on the HVDC -- Mumbai HVDC project. So we mentioned that we commissioned it fully in FY26. So is it possible to share the date? Was it a single date or the different elements were commissioned at different point of time?
My first question is on the smart meters. So out of the 73 lakh smart meters installed, how much smart meter quantity has been billed, the meters that have achieved operational goal?
Okay. Got it. And so, my second question is on the status of this Bhadla-Fatehpur -HVDC project that had won. If you can share some insights as to what is the progress, there?
Sir, my first question is on the Khavda, HVDC. So, this is the one you mentioned that the bids have been submitted, right? And the awards should be done in the next 1 or 2 months, right?
Okay. And sir, on the other opportunity at the interstate level, say Maharashtra, there is coming that they are doing some large amount of transmission capex, including HVDC. So how do you see the opportunity? Any discussions going on that side?
Yes. Sir, my first question is what is the impact of curtailment on our generation? Is it possible to quantify it in any way? Management You're talking about thermal or...
Yes, yes, the renewables for Rajasthan, Gujarat. Management On the renewable, okay. CEO NGEL Yes, we had -- you're right, we had significant curtailments. Yes, I can give you the figures. We had a total in this -- for the 9 months that have gone by, we lost around 420 million units on account of curtailment in NGEL alone. And in NREL also, we had lost around 212 million units of generation. So I think this answers you that curtailment has been a significant issue in the past that we had faced. But I'm happy to inform you that as regards NGEL, now the curtailment will be zero because the line through which the curtailment was happening was Narela K3 line that is commissioned. And hence forth, there will be no curtailment loss on to NGEL on account of this. There will be minor curtailment losses in NREL from Khavda because our complete GNA is 865, which is going to be firmed up in sequence next year onwards. And by October, we will be having the complete capacities over there also. So with respect to NGEL growth, the curtailment will not have that kind of an effect that is happening elsewhere in Gujarat and Rajasthan.
Sir, my first question is on the export order book. So , is the export order book around 30% of our overall order book?
Okay. And sir, my second question is on the HVDC project, right. So , for Khavda Olpad and the upcoming one, South Kalamb, what is typically the local content requirement for the HVDC project?
My first question is on the STATCOM. How do you see the STATCOM opportunity in the medium term? And if I'm not wrong, we haven't done any STATCOM earlier?
And sir, my second question is on the royalty payment. Just wanted to know how much was the royalty payment this year? And how much was it in FY '24, if you can provide?
Hi, sir. Congrats on a very good set of results. Sir, a couple of questions. One on the execution. So, we have achieved around 348 megawatt in H1, which is close to 29% of our full year target of 1.2 billion. So, and you have still maintained 1200 megawatt target. So, just wanted to understand from how do you see execution in H2? I mean, since we have achieved only 29% and H2 target is very steep.
Okay. And sir, speaking of financials, I think we have guided for 18%-19% margins, but in H1, we are a bit more than 22%. So, we're likely to achieve that.
Yes. Thank you, sir. So, my first question is on the RE capacity addition. So, for this year, you have mentioned around 1.3 gigawatt in H2, so around 1.5 gigawatt overall in FY26. So, what is the target for FY27?
Okay, sir. And, sir, second related question, as you mentioned, close to 4 to 5 gigawatt we are planning to do over the next two years. So, what about some bidding projects, what are your thoughts on that , because I think the b idding has been slower, I mean, what about adding more to the pipeline?
Congrats on a good set of numbers. Sir, m y first question is on the renewable generation. So, you have mentioned that I think only 100 megawatts of solar capacity has been commissioned this quarter, right?
And you mentioned that over the next three quarters around 1 ,600 megawatts additional capacity will be commissioned. Is that correct?
Yes hi sir. Thanks for the opportunity. S ir my first question is on the capitalization number. Given that we had achieved around 46 billion of capitalization in the first half and we have guided about 220 billion for the full year. Do we still maintain that target a nd second related question is what are the challenges we are facing to get this number up and what are you doing to kind of accelerate the execution?
Okay sir, thanks for the detail updates. My second question is on the equipment ordering. Have we tied up f or the equipment for the next 2 years, 3 years of our execution and is there any shortage in terms of transmission equipment, HVDC etc.?
Sir, my question is on our renewable LOAs. So, out of the 2.6 GW that is still pending for PPAs, can we expect over the next 6 months that is by the end of this year, we will be able to sign those PPAs? How do you see that?
But have you seen the situation, the overall scenario here, any improvement in that compared to last quarter?
Sir, you mentioned ₹19,000 Crore CAPEX for FY '27. Sir, can you give us the number for FY '26? And what was it in Q1?
And sir, how much CAPEX has been incurred in Q1?
Hi sir. Sir, my question is on the new market share, you mentioned that the enquiries are down there. However, in U.S., they have increased. So can you just elaborate on higher enquiries around Europe, any specific reasons for that?
Yes.
So my question is just a small doubt on what you have mentioned already. So you said that out of the three, so by December you would be commissioning additional 2500 megawatts. Out of this 1525 is thermal, right?
1320. And the remaining around 1200 megawatt would be renewable?
Sir, my question is on the order book. So out of the total order book, can you please guide us in terms of the -- how much of the order book is fixed price contracts? So just wanted to understand in terms of any cost escalations, how will this be absorbed?