Thank you. I just want a clarification on some of your answers. On the capex side, you mentioned that the capex breakdown for the two projects, that is one is INR12,000 crores and the other is INR3,800 crores. That will be 20% this year, 50% next year and then the balance following. Is my understanding correct?
So, FY '26 you've indicated that growth capex of 350 million to 400 million, that includes this 20% that we're talking about, right?
Thank you. Just a couple of questions. On this renewable energy , will you still exit the fourth quarter at 25%?
Okay, and I don't know if I missed this on this call, but the cost of production guidance for the full year, you still maintaining what you had given earlier?
Just wanted to clarify the NSR, what is the blended NSR for this quarter?
And what was that in the fourth quarter?
Thank you. Sorry if I missed this. I got disconnected. Have you given any guidance for volume for this year?
Just continuing on the incentive question. So these plants that you've got an extension for is for 2 years, you mentioned that.
What should be the normalized level of incentive for the next year, FY '26?
I'm just taking on from some of the earlier questions. So what was the industry volume growth for this quarter. Not the half, just in the second quarter?
Yes. Okay, so similar.
Just a question on the realization that 2.2% increase that you see sequentially , is that when you say it's UltraTech brand that includes Kesoram as well?
If you could give us a stand-alone realization as an UltraTech plus Kesoram, not India Cements, but UltraTech plus Kesoram, what is that differential sequentially?
So could you just tell us a little bit on pricing in the sense that what's happened after the quarter?
And on average versus the 2Q?
Just a question on the realization that 2.2% increase that you see sequentially , is that when you say it's UltraTech brand that includes Kesoram as well?
If you could give us a stand-alone realization as an UltraTech plus Kesoram, not India Cements, but UltraTech plus Kesoram, what is that differential sequentially?
Thank you. Could you please repeat the hedge bit again, I missed that earlier on the call.
Thank you. Then what was the alumina volume that was sold during this quarter?
Thank you. Just continuing with the question on the debt , so now the interest cost should be somewhere around 550 million, right? And from a repayment perspective, this year is about 800 million for the StanC loan and what would be amount paid for next year? This is for PLC.
Thank you. And for FY '27, what is that number in terms of principal repayment?
I just wanted to reconfirm some of the numbers that you gave at the debt, for the debt at the parent level. Now the 220 million of debt and 220 million of interest payment is due for the remaining FY '25. In FY '26, you said that the loan amount due was 820 million and 1.1 billion in FY '27. Is that correct?
And essentially you said that in the repayment that you have, that the 4.8 billion has broken up, 3 billion is bond which you will refinance, 1 billion is bank loan which will be a mix of refinance and repayment, and 850 million is a private facility. So , out of that 850 million, that is due in April '25. Is that correct?
Just coming back to the sequential pricing question someone had asked earlier. If I just remove the incentives, it appears that the pricing is about flattish sequentially. But then if I move the one-off from the incentive, it appears that the sequential incentives have declined. Can you explain that, please?
Sorry, what was the Sankrail amount in the previous quarter?
Thank you. Just -- I want to just come back to the volume question. If you were to exclude the acquisitions -- the volumes on the acquisition on a year-on-year basis, what is the growth or what is the organic volume for 14.2 million?
Just pure plain organic volume...
Just coming back to the sequential pricing question someone had asked earlier. If I just remove the incentives, it appears that the pricing is about flattish sequentially. But then if I move the one-off from the incentive, it appears that the sequential incentives have declined. Can you explain that, please?
Sorry, what was the Sankrail amount in the previous quarter?
Thank you. Just -- I want to just come back to the volume question. If you were to exclude the acquisitions -- the volumes on the acquisition on a year-on-year basis, what is the growth or what is the organic volume for 14.2 million?
Just pure plain organic volume...
Just 1 question Birla Pivot the last one. From a quarterly rate perspective, in the last quarter, you have given us a ₹550 crores number. So, are we significantly better than that in this quarter, if you don't want to quantify it?
Just a couple of bookkeeping questions as well as on your outlook for both the VSF and the Chemicals business before I ask the others from you?
Okay. So you're expecting margins to remain at this level?
Just clarifying on some bookkeeping questions . You had mentioned the realization this quarter was 54,600 and 55,800 was in the last year or the last quarter?
For 2Q and 1Q?
Just following up on a question asked earlier that there's big delta on the realization per tonne differential between the first quarter and the second quarter as well as the expenses in the sense that the realization declined by about INR3,000, but if you actually divide the revenues by the volumes that number comes closer to INR6,000. So, is this whole thing exp lained both on the revenue and the cost side by lower iron ore exports?
And then on the volume targets that you maintained, are they maintained individually as well like the Indian operation targets are still like 26 million tonnes for the year?