Stockrabit · Analysts
Questions across 74 calls

Satyadeep Jain

AMBIT Capital

Hindalco Industries Limited

Hindalco Industries Limited CC-Dec23.pdf · 2024-02-13
Just a clarification first. The engineering design was, as I understood, was done by some other firm and you got it done by some new firm recently. Can you maybe name the engineering design firm that you hired initially for the planning, and which is a new firm you have got it done with? And what is the EPCM firm that you employ for this?
Basically, saying the engineering design, the planning initially design done by Fluor. They underestimated all the civil and construction cost massively. Was it Fluor’s initial planning that way?
Hindalco Industries Limited CC-Sep23.pdf · 2023-11-10
Just a follow -up on the alumina question, Mr. Pai. It seems like the company is increasingly going along alumina. What's the strategy or thought behind that? Do you see a shortage of alumina globally? Do you think the mines, the facilities you're looking at could be maybe lower cost compared to some of the other refineries? What's the thought process behind? Will you already long alumina and you're going further long. That's the first question.
So on this new facility you're looking at and the new OMC, just tied to that would be there is no further potential to expand Utkal? And also the Baphlimali mine that you have is one of the cost- competitive advantages you have in producing alumina at Utkal. Would you not have capability to use that mine? And if not, would OMC mine also have similar characteristics to be able to give you that kind of advantage?

Tata Power Company Limited

Tata Power Company Limited CC-Dec23.pdf · 2024-02-09
Just one question is on the pump storage. If you are close to starting construction in the next few quarters and let's say if you don't sign up the capacity before you start construction, as you look at financing, I understood previously banks were somewhat unwilling to lend to untied RE capacity is that for pump storage. If you do start construction before tying up, raising finance, is there any challenge on that front, just want to understand how do banks lend on these projects?
So, just want to understand, you'll basically tie -up this entire 2.8 G W before you start construction, right?

SHREE CEMENT LIMITED

Ambuja Cements Limited

Ambuja Cements Limited CC-Sep23.pdf · 2023-11-01
Hi. Thank you, a couple of questions on capacity. You mentioned in your opening remarks achieving 140 million tons before FY28 and ordering 10 kilns. If you look at your own targets and guidance, you are talking about 3 kilns by the end of FY26. Does it mean 7 kilns through organic growth in FY27 and first half of FY28? And what gives you the confidence given these new kilns are taking 2.5 years that you would be able to commission 7 kilns in FY27 and FY28?

ACC Limited

NTPC Limited

Dalmia Bharat Limited

Dalmia Bharat Limited CC-Dec23.pdf · 2024-01-25
Thank you. First question on market share. Obviously, we've seen some market share erosion in the past few quarters. Puneet, you're mentioning a strategy to gain market share and taking some initiatives. Can you elaborate on what kind of initiatives or change in course of action you've taken so far or planning? Is it change in some mix or maybe targeting more nontrade also or change in incentive structure? And also tied to Jaypee acquisition. It's been few quarters of tolling, not a meaningful bump up in volumes there. Have there been any surprises on either side now that you've seen this asset? And what is stopping from increase in tolling volumes till we complete the deal? that's the first one on overall volumes.
The acquisition completion is largely the approval from lenders that is taking time?
Dalmia Bharat Limited CC-Sep23.pdf · 2023-10-16
Hi Thank you just couple of questions, f irst a clarification question, considering the volume growth that we have seen for Dalmia in this quarter is it fair to say that Dalmia did lose market share in some of the markets it operates in just clarification on that.
Secondly, on power and fuel cost there is obviously moderation in fuel costs this quarter. Where is the fuel cost inventory right now compared to spot? And is it possible to see more fuel costs moderation in the coming quarters? Dharmender Tuteja Yes, currently the rate is about 1.58 which has gone to the consumption this is the blended rate. And we expect some marginal reduction in the coming quarter sequentially also. But that would be around 3% or so.

UltraTech Cement Limited

UltraTech Cement Limited CC-Sep23.pdf · 2023-10-19
First question on the capacity expansion. So Daga, you mentioned achieving 160 million tons, give or take by June '25. So beyond that, the next leg of expansion should we assume that the company will start committing to it after this expansion is complete, so the -- whatever, 25 million tons, 30 million tons capacity comes 24 months odd from there? Or is there a potential to maybe start working on it relatively soon so that it doesn't get so staggered. And tied to that would be how much more debottlenecking capacity potential could be there in the existing capacity base?
Okay. Thank you. Secondly, on the Eastern market, you mentioned rains and different factors led to slow down, any ballpark estimate on in your estimate, what could have been the industry volume growth for India as a whole and maybe East could have been maybe low single digit and given that now the quarter has ended and going into October, have you seen maybe a recovery to more normal volumes in line with rest of year?

JSW Steel Limited

JSW Steel Limited CC-Sep23.pdf · 2023-10-20
Couple of questions, Mr. Acharya. Firstly, on the acquisition, we've talked about organic growth and in the media, it was being reported that JSW is also evaluating certain PSUs including NMDC. There are certain reports that may not be on the cards anymore. Just wanted to check if you're still in that process. Have you heard any communication from ministry, DIPAM or you still looking at that asset? That's the first question.
Second, touching on the question on prices in Indian market being higher than import parity prices and generally despite a very tough economic environment, JSW has been reporting very good EBITDA per tonne. Is there a risk to or is there a merit in continuation of the basic custom duty? Have you heard anything from government on justification for continuation of that, or any study, or do you continue to see merit in some of the supportive mechanisms?