Questions across 2 calls

Vishal Periwal

PL Capital

Ircon International Limited

Ircon International Limited CC-May26.pdf · 2026-05-25

Yes, thanks for the opportunity Okay, thank you, ma'am. Ma'am, in terms of new opportunities, there was a couple of months back, there was a PIB release which talks about like, you know, in FY26, we have seen almost like 100% increase in the railway projects which are sanctioned by government. So, I mean, can you give some color like, you know, will this lead to a better ordering for the sector and how exactly to look about it?

Okay. Sir, can you give some color like in FY26, what were the total projects that were awarded by Indian Railways and how much we could have secured?

Adani Power Limited

Adani Power Limited CC-May26.pdf · 2026-04-30

Yes, sir thanks for the opportunity. Sir, in terms of the merchant share, you mentioned that currently, only 5% is there. So, is it fair to say from Q1 FY27, we'll have a 5% as a merchant capacity and generation, or is it staggered over the year?

Okay. Starting Q1 onwards. And is it fair to say, I think you did mention on Korba as giving an example like how the EBITDA will move in PPA and non-PPA. So, once we move our capacity to a PPA, then EBITDA trajectory is better vis-a-vis what we are getting in merchant?