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Viraj Mahadevia

Money Grow Asset Private Limited
NAVA

NAVA LIMITED

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NAVA LIMITED CC-Jun24.pdf
8 Aug 2024
Open call
  1. Understood. the free cash flow, Ashwin, in Q1.

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  2. INR500 crores in Q1 is fantastic. So, my next question is, Ashwin, I think I brought this up a few times before. Obviously, a remarkable job by you and the team in making this debt-free and now net cash, both with incremental arbitration awards coming through as well as the organic cash flow generation.

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  3. I appreciate that, but just correct me if I'm wrong. Avocado plus the equity contribution on the 300-megawatt plant plus Ivory would probably not be more than USD100 million, USD150 million, which is about INR1,000 crores. The company is generating INR500 crores of free cash flow per quarter, plus you have an incremental INR1,200 crores to come in from arbitration.

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