Satyan Wadhwa

Just wanted to know what sort of margin expansion you are thinking out of the steel plant is it because you think demand for pellets will be lower going forward as China sort of slowed down and that is why we had to get into steel because in terms of just capital intensity, steel is quite capital intensive compared to your existing businesses which are quite profitable.

How much EBITDA would be how much in terms of steel above the pellet EBITDA.

Rs.10,000 a tonnage. Over and above the pellet EBITDA.