I think 2 or 3 questions. Firstly, as far as the Russian crude situation is concerned, just wanted a sense of how much percentage of our crude sourcing in Q3 was from Russian crude ? And at what discount to benchmark, if that can be shared? And what is the Q4 situation looking like at this point in time?
The second question, sir, is it possible to share the inventory impact in the marketing segment for this quarter?
I had three questions. Number one, you mentioned about the refinery part of the Barmer refinery getting completed by March and may be commissioning by June. And in how many months can we expect the mechanical portion to be commissioned?
So, sir, is it safe to say FY'27 we should be able to see year one of complete operations of the Barmer refinery?
Just sorry to harp on the refining front again. In terms of this quarter performance, you did mention that the opportunity crude, which I believe I think you're referring to the Russian crude component, while -- the volume may not have reduced, but the discount has come down. Is it fair to say that, that was the major reason, sir, for the Q-o-Q decline at least that we see? Because if I look at Singapore benchmarks, the Singapore benchmark actually went up. And I appreciate that the products slate is slightly different between Singapore and ours slate. But broadly speaking, the benchmark still went up. So can we attribute the decline Q -o-Q to primarily the crude cost differential in this quarter?
The second question was with respect to, sir, capex plans and just result in terms of -- you mentioned that there was commissioning of some units or some parts of the Vizag refinery expansion, while the bottom of upgradation facility will happen in this financial year. Can you just explain in terms of when the total expanded capacity will be available at Vizag?
I have 3 questions. One, with respect to the Russian crude as p art of our sourcing portfolio with all that is going on in terms of the sanctions, what is th e mitigation strategy we have in place in terms of securing supplies in case Russian crude is di srupted? How much was it as a percentage of our sourcing in 9 months FY '25? And if I'm assuming that the discount on crude will no longer be there, what is the kind of impact on crude co st effectively? That's my first question.
Understood, sir. So is it fair to say that at 30% with the bene fit of $3, that's around a $0.90 impact on the overall crude cost on a blended basis that we hav e to sort of live with in the absence of Russian crude.
I just have a couple of questions. Thank you for the extremely descriptive run-down of the business outlook and everything else. On the refining front, sir, the performance of the Bina Refinery has been especially strong. Can we just get a broad sense of the product slate of this refinery, just in terms of what is the yield of diesel and petrol ATF? Some of the major products, if you can get any color. That was my first question.
Sir, just to try and understand, I mean, just the diesel, I mean, yield itself is responsible for the clear outperformance of this refinery versus virtually I think any refinery that is there in the country today. Anything you can sort of give us as a flavor of why this refinery is doing so well.
Thank you for the opportunity . Congrats on a strong numbers. Firstly on the Bina refinery and expansion , the big project that we are doing, i s it possible to get a little bit more granularity on what kind of refin ery configuration will we look at post the expansion and what kind of products the pet chem part of it will actually yield, any sense you can give us will be helpful?
Sir just on the refining part from 7.8 to 11 , will that also be accommodate by any upgradation in the product in the sense that are we looking to up our distillate yield as well along with the primary expansion?
Just a couple of questions. One was with respect to the GRM performance, and congratulations on this kind of strength being shown. Just wanted to understand if you can just explain to us where this outperformance against the Asian benchmark is coming from, specifically if we look and thankfully you disclose refinery-wise performance, the kind of gap between Bina Refinery GRMs versus any other refinery in India is pretty stark. So, if you can just get some handle sir, on where this outperformance is coming from? Whether it is coming from favourable crude mix or there is some inventory gain also which you may not disclose, but are those basically the factors that are driving this?
Perfect. Sir, that's very useful. If I can ask a small follow -up. Is it possible to give us a sense of diesel, gasoline and ATF, these three, would be roughly how much of our overall product take as a percentage? Just a sense would for Bina, Kochi or overall, whatever you want to share?
Just had a couple of questions. First was what is the reason for the sequential dip a little bit that we have seen in the natural gas production in Q2?
I was saying, sir, that first question was what is the reason for the sequential decline -- Q-o-Q decline in gas production? Any color you can throw on this.
Two questions. One, with respect to the production growth which you mentioned that as of now, it's basically a higher level of development drilling plus some recovery techniques from existing wells itself. Can we get some sort of phasing? If I look at the run rate for this year, we are likely to end somewhere around 3.2 to 3.3 million tonnes of oil. Going from this to essentially about 4 million tonnes, how should we actually build that? Will that be a sort of gradual progression every year over the next 3 years? Is there any specific field that, when it comes online, will deliver that increase? Similarly for gas, you did mention that one new field that is under development at Baghjan. But is that going to almost entirely account for the 1.5 BCM increase that we are targeting?
Can I get a similar timeline or granular target for gas as well?
Thank you very much for the opportunity. Congratulations on a strong set of numbers. Just wanted to understand this whole royalty issue now obviously this case has been going on for long and we have finally taken the contingent liability into the books now this quarter’s provision of around 290 Crores has also been made in addition to the past provision so is this additional royalty something that we should now be building in for every quarter going forward till the case is resolved or settled in either direction?
So on an annualized basis Sir what will be the amount we should be sort of roughly building in around 503 this is for the half year or this is only for this quarter the 290 Crores?
Thank you for the opportunity, sir. The first question was a little bit of a clarification. You mentioned in you r opening briefing that trading volumes decline is due to the reduced gas consumption by power sector. However, if we look at the transmission volumes, they have remained broadly flat. I just wanted to understand, sir, on a very basic level, how should we basically then look at the mix between transmission and trading volumes, which seems to be sort of reducing, if I look at the last few quarter trend? So, in terms of building in numbers, even if transmission is at 130, trading volumes can actually fluctuate between 96 to 98, depending on which segments we are supplying to, sir?
Okay, so, basically, sir, the transmission volume remaining flat meant that 2 MMSCMD or 3 MMSCMD went to either internal consumption or sectors where we don't actually get any marketing margin.
This was with respect to the polymer shutdown. Can I get a sense of how many days the shutdown was for and what is the current run rate of petrochemicals that we are seeing in Q2 so far?
I'm sorry, sir, what does that mean, proportionate bases?
A very happy Diwali and a prosperous new year in advance to all of you. I had a couple of questions. One, you mentioned in the initial briefing that 9.5 MMSCMD is the target for this year. When we say that, do we mean that we hope to reach an exit rate of 9.5 MMSCMD for FY '25? And if so, what can we build in as an average volume target for FY '26 on this run rate? That's my first question.
Yes, sir. Absolutely.
Sir, two questions from my side. One is, of course, the QoQ decline was perhaps to be expected given the reduction in power demand what we have seen in overall consumption. But just looking ahead for the second half, what sort of utilization should we be sort of factoring in and what sort of spot LNG pricing environment are we actually looking at this point of time.
The other question was more about sort of capital deployment. If you can just give us a bit of an update on what is the effective capacity that we expect the Dahej to be at by the end of this financial year? What is the update on the last mile connectivity of the Kochi -Bangalore, the second offtake pipeline? And thirdly, the status of the petrochemical project in terms of CAPEX and investment? If I can have some color on that.
First of all, congratulations for a strong set of numbers. I had a couple of questions. Firstly, with respect to the UOP, the Rs. 63 crore of provision that has been reversed. Just wanted to understand is that the incremental revenue booked because of higher volumes taken to settle the UOP obligation?
So, sir, if I may ask a follow up in terms of the third -party Regasification volume which has gone up to 144 TBTU. Of that, how much would be this incremental volume brought in as a part of this settlement? Is it possible to segregate that?
Thank you for the opportunity. I have a couple of questions. Firstly, in terms of the capacity expansion that is ongoing at Dahej and then the new terminal that we are looking at Gopalpur , can we get a sense of what will be the effective available capacity over the FY25 and FY 26 if you can give us a sense at Dahej in particular?
Right. And sir just to follow up a little bit, in terms of the 22.5 million tonnes, so basically today we are effectively at 17 .5 million tonnes, have we signed all the off take arrangements given how near now, the completion is of this additional capacity. Are all the off take arrangements in place or are we looking to still probably leverage the stock market for this additional volume, at least in the initial few year?
Good evening, sir. A couple of questions. Number one, what was the percentage of priority sector allocation for this quarter? And any sense you can give us in terms of what that number would be for the rest of the year?
So, sir, just extrapolating, this obviously means that our share of term LNG and spot LNG will continue to increase, assuming this because our volumes are also going up and the rate of decrease is fairly sharp the last few quarters. So, in terms of margins then, is Q1 run rate basically something that we should be sustaining? Or is there some scope for improvement, particularly spot LNG prices remain at the moderate levels that we have been seeing for the last few months?
I have a couple of questions. Firstly, in terms of the cost in this quarter, there seems to be a sudden increase in the operating expenditure in the sense that other Op ex has gone up very sharply and Opex for SCM is also probably the highest we've seen in the last 6 quarters. We just wanted to understand the reasons for this, sir.
Sir, as a recurring number, sir, we should continue to see it around basically the INR5.9 to around INR6 in SCM kind of a range, adjusted, of course, for inflation impact. Is that a fair way to look at it? Opex for SCM, sir. If I look at the average, for example, till about Q4 for the last several quarters, it was at somewhere around INR5.7 to INR5.8 per SCM, including, of course, raw material charges.
Congratulations on a strong set of numbers. I have 3 questions. One, this is obviously a 5 quarter high in terms of the volume growth that you have reported. And I know you do not like to comment on quarter -to-quarter volume fluctuations. But just direc tionally, can you just let us know what are the primary reasons why volume growth picked up this sharply in this quarter? And what can we actually expect over the next few quarters, whatever view you can give us? That's my first question.
Right. So just as a follow -up there, sir, what's the kind of vehicle conversion run rates we saw per month in this quarter?
I have three questions. Firstly, you mentioned about, of course the major discussion point which is the EV policy. Just to get a little bit more clarity the Maharashtra Draft EV policy advocates 10% of new registrations by 2025 and 25% of EV conversion for public transport and delivery services. Is my understanding correct?
Has anything moved on adopting or implementation of this policy as of date?