The first question, just a clarification. In 4Q, when you said RINL it's 0.48 million tons or 48,000 tons?
Okay. And the 0.6 million to 0.7 million ton guidance for RINL in FY27, that is on top of 22 million tons that we are seeing right now. Is that correct?
I wanted to get a sense about the metallic balance right now as the DRI plant is yet to commissioned. So, I understand that we have 15 million tonnes of iron making and 15.6 million tonnes of crude steelmaking. So, is there any plan to buy DRI or other metallics from outside and produce more this year? Or that is something we would be looking at and DRI plant once it comes up, it is the only one which will be contributing to our iron making facilities.
Understood. And given that we have seen price increase in 4Q sequentially every month, fair to assume that the current ASPs would be still higher than what we delivered in 4Q?
Much of the Hindalco India questions have been answered. Two questions on Novelis. First, given record high scrap spreads in North America right now, want to get a sense as to when they will start reflecting in North American EBITDA per ton, sitting on a lot of high-cost scrap inventory? And if you could just help us with what is th e recycled content in North America. I mean, we talked about 63% across the globe, but what is the recycled content in North America, if that is something which can help us add the benefit on a monthly basis given the hight scrap spreads--
No, I understand right now North America might be lower, but let's say before the Oswego incident, what was the recycling content in North America? Maybe ballpark numbers.
Hi, thanks for the opportunity, and congrats on a good set of numbers. The first question, Gupta ji, largely on BHQ project. Given the fact that bulk of our volumes going ahead would be coming from BHQ. How confident are we in maintaining the fact that the cost of production of BHQ would be similar to our current cost of production, given that we'll have to mine more material, there will be beneficiation cost also? I understand that we save a bit on royalty, but do you think there is any risk of operating cost overrun in BHQ going ahead?
Yes, so just going into a bit more detail here , sir. So royalty, if our current realizations are let's say 6,000, and royalty all in, let's say, 20%, so 1,200 odd royalty, and even if royalty on BHQ is let's say zero, so INR1,200 per ton of saving plus let's say some premium because of higher grade...