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Just I wanted to understand the regulated -- I had a question on regulated equity. So when I was looking at the presentation in 9 months FY '26, our regulated equity for the mining segment is Rs.3,403 Crore. And in 2027, it is showing as INR4,437 Crore. But when I'm looking at the total capital cost of Pachwara and when I'm trying to add up the regulated equity, it's coming to around INR4,000-odd Crore.
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Okay. And second question is on the thermal side of it. So if you see our thermal regulated equity is around INR9,061 Crore. So in FY '25, when I'm looking at the stand-alone basis, it was around INR3,984 Crore. And from NTPL, it is INR1,741 Crore. So is the balance from Ghatampur or how is it? Because I suppose the total capital cost of Ghatampur is INR21,781 Crore.
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Okay. And sir, last question on the financials. In consolidated statements in Q3 in last Q3 FY '25, there was some INR1,000 Crore of true-up value and there was some adjustment. So in this quarter, there are no adjustment, right? Or is there any adjustment?
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Analyst questions
Shaunak Godbole
SBI Life Insurance
1Call
1Company
NLCINDIA
All company callsNLC India Limited
NLC India Limited CC-Dec25.pdf
10 Feb 2026