Good morning, sir, and thank you for the opportunity. Sir, just wanted to understand any threshold which we have in order in terms of credit to RINL or on a good faith it will continue?
Noted, sir. Sir, my second question pertains to our logistics. Have the railway doubling of railway line has been completed and if not then by what time it would get completed and how much extra evacuation it can provide?
Sir, my first question pertains to this kind of the supply constraints you are projecting in the future and our capacity coming. Usually, during these times, many of the players try to secure the production capacity. So have we started to get the trial orders or people seeking the inquiry to book our upcoming capacity beforehand, given the waiting period is too long?
Saudi as well as U.S. new capacities.
Congratulations on a very good set of numbers despite challenges. Sir, my first question pertains to since our defense mix is improving in the overall sales, while we are still getting the guidance -- margin guidance kind of an impact versus last year. So is it some of the items where the cost inflation pass on would be difficult and that's why overall margins has failed? Or are we traditionally doing a conservative estimate at this point of time?
Noted sir. Sir, my second question pertains to the domestic explosive market. Obviously, we have added a lot of capacities and eyeing a market share gain. Is it basically through the new products because segments remain the same or the user industries are limited in a way, and none of them are growing at 10% or 12%. So just wanted to understand this market share gain strategy, how we are actually targeting that?
Sir, my one question only on the stainless steel capex. Given the current circumstances when the government duty protection is more towards the steel, expanding into the stainless steel where usually the quality control orders had not been there. Just wanted to understand why we have been putting still emphasis on the stainless steel could have been delayed or the ROE or ROCE of stainless steel versus steel, how is it sitting right now?
Sir, my first question pertains to our aluminum segment realization, which seems to be down on a sequential basis, contrary to how the aluminum prices have moved up in the international market. So, have our mix has been deteriorated? And how does it impact our overall performance?
Noted, sir. And sir, in our opening remarks, basically, we talked about the challenging condition still persists by the CFO. So just wanted to understand, after the safeguard duty, we would have a healthy price hike. So is the demand still an issue because price seems to be on a healthy side, if I just check on the domestic market as well from December onwards...
Good afternoon, sir. And thank you for the opportunity. Sir, just wanted to understand our capital allocation in terms of that INR 1,700 crore, if you can bifurcate it on a year wise and given the copper would require a huge absolute working capital, how should we look at the debt?
Noted, sir. But still we didn’t get the clarity on what kind of debt increase we can expect in the next 12 months to 15 months because of these endeavors?
Sir, I just wanted to understand this value -addition sales, which you said that have inflated the margins. Have we reached -- we attained the full utilization or the full extent of this or there is a further scope for increasing our value-addition? If it up to what percentage?
Noted, sir. How does this impact our overall margin if we manage to achieve our target at the current stage?
Congratulations on very good set of numbers. Sir, my first question pertains to Thriveni. If I look at our iron ore ramp-up has been largely been done, while the coal has not been ramping up. So are we going to expect volume growth in this segment? Because if I remember correctly, a couple of quarters back, we have given a pretty good numbers in terms of revenue guidance on the Thriveni side. And what has caused this margin expansion on the year-on-year basis from EBITDA margin of 16% to 26%?
Okay. Sir, just a follow-up question on this. In the remarks, somebody said that 37%, 39% higher iron ore production could be there. Would our revenue follow the similar model or the rates are different and revenue growth would be lower than that?
Thank you for the opportunity. Sir, my first question pertains to our copper mine, as you stated that it was an operational mine. So just wanted to understand had the existing promoters was facing any difficulty in terms of producing and ramping up of the mine, and that's why we were got the chance to get some stake there? And secondly, on the management bandwidth, we are doing too many things simultaneously. So just wanted to understand the management bandwidth in terms of managing and looking after the timely completion of all these projects. How should we look at it?
Noted sir. Sir second question pertains to Thriveni. While the top line growth for...
Good morning sir and thank you for the opportunity. And congratulation on a decent set of number in a very challenging time. Sir, just wanted to understand the sustainability of INR5,500 ton margin going forward, considering that the Patra and the primary gap is higher and this quarter you would have benefited from the shortage of material in the galvanized segment. So what -- and plus Dubai is also not picking up. So could you give us a little bit more insight into this?
Sir, any portion of the inventory gains would have been involved in this, because the prices rise so sharply?
Thank you for the opportunity, and congratulations on a very good set of numbers in a difficult time. Sir, my first question pertains to the fact that you said a lot of HRC capacity is coming in India. So, will this facilitate you to gain more market share because of the price gap differential coming down? Or there is still a legroom that you get incremental discounts from the steel mills to catch margin? So which should be the better way to utilize this opportunity?
Is there a more scope to get the benefit out of this overcapacity situation?
Sir, can you tell us about the contract versus spot sales mix this quarter and expected in the Q1? And another question would be the product mix changes impact on your overall realization because as we see the sequential jump was much higher than what you have realized this quarter. So, if you could just elaborate on that point for us.
Our product mix is changing towards more on HRC. So obviously, it is slightly on a blend basis, deteriorating. So just wanted to understand the product mix change versus the realization ratio impact basically. How should we look at the realization base increase going forward?
Sir, my first question towards Novelis. Since we are buying the slabs from outside and to meet the customer requirement, had the insurance covered the additional premium or the cost which we are paying from the buying slab from outside as well, or is it over and above what we have estimated in terms of the hit we have to take?
Noted, sir. Sir, my second question pertains to the Bay Minette expansion. While I noted that we have spent only 54% of the CAPEX till date, and our starting time is second half, FY '26, is probably hardly 6 months down the line. So, is the project has been delayed? Or how should we look at the aggressiveness of the capital CAPEX basically in the next 6 months? Because I am confused that you would be able to spend that, even that had assuming 15% to 20% payment after the commissioning, 30% in next 6 months, spending would be pretty high, which would reflect on your debt as well. So, are we confident of commissioning it on time now?
Sir, my first question pertains to Dinesh ji remark on the iron ore supply scenario. So one of our competitors like Lloyds has also came up with a large supply. So are we going to see some excess supply in the iron ore space in the domestic market as well for the next 6 to 12 months perspective? And is that our assumptions? And would that impact our overall performance?
Noted. And sir, after recent INR depreciation, has the exports been now profitable? Or it is still not -- and what is the difference at which we would start exports?
Thank you for the opportunity. Am I audible, sir?
Sir my first question pertains to our revenue target vis -a-vis the order book. In order to get that 2,000 or 3,000 kind of the range, we would need to have a running order book of Rs. 2,000 Crores. Currently, we are at Rs.1,000 Crores. So, just wanted to understand which are that new segment or pockets which you are targeting and are a little bit on the confidence level of to get this in the next 8 or 10 months to get the order book to almost two , two and a half thousand Crores, despite being Rs.1,000 Crores to Rs.1,500 Crores of the execution targets as well. This seems to be a little bit a tall figure, so just wanted to understand which segments are actually new to us, which we are targeting, and what are our thought process or confidence levels on the same.
My first question pertains to our employee cost, which has surprisingly gone down on sequential basis. So, first thing, what is the main reason? Secondly, how should we look at the employee cost going ahead in the next year since there is a mandatory wage revision would be coming in?
Sequential was a decline.
Though it is still early, but I just wanted to understand, have we got any understanding regarding CBAM? Since we are using some portion of the renewable energy, would we get a weighted average of plant-wise energy calculation or renewable energy using in one, we would make it a green stainless steel? Any understanding or color on that?
Lastly, given our major CAPEX for Maharashtra probably would start at FY28 onwards. How should we look at our debt from here onwards?
Good afternoon, sir, and thank you for the opportunity. Sir, just coming back to the Maharashtra project, since you are already acquiring land, do you have something in mind that in percent, what kind of capacity which you are going to put up and what could be the potential CAPEX for this?
So, that is what I just wanted to know this Phase-1 of 1 million tons, have we finalized any initial CAPEX for the Phase-1?
Thank you, sir, for the opportunity and congratulations on goo d set of numbers. Sir, just coming back to our alumina sales. So we probably have brou ght down the inventory now. So how should we look at the second half total a lumina sales vis-à- vis annual guidance? Hello?
Noted. And how should we look at the average prices? What pric es was the average you have seen in the 2Q for both alumina and alumina?
Just my first question pertains to currently assuming the JAL is not clear right now and your VRL requirement is very low. So , ex of these two, should we assume that our net debt would see a declining trend from here onwards?
So, absolute debt probably might not go down. My second question pertains to this INR 1 lakh crores investment news in Odisha, which keeps on floating. Could you give us some color on the segments and the timelines for that?