Q1-FY27 · Abhishek Araal
You should keep the steel plant as an optional now for the medium-term growth. Till the time we don't get the water approval and all, we really don't know what's going to happen.
Godawari Power And Ispat · tone and specificity signals across the available quarters.
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You should keep the steel plant as an optional now for the medium-term growth. Till the time we don't get the water approval and all, we really don't know what's going to happen.
Purchasing from the market and also getting gas at a higher price that makes pellet plant operation commercially unviable in the current market scenario where steel is down and pellet prices touch all-time low of about Rs 8,600 in starting of July.
Shifting CRM to Maharashtra is actually a boost for us by shipping to Maharashtra rather than Chhattisgarh, with local consumption advantage in the automobile hub plus better state incentives.
We are looking at a revenue of close to about 6 and a half,000 7,000 KS from the steel complex.
We have no intentions of entering the export market at the moment because the delta is very huge, the delta is more than $157 at the moment.
If you don't go ahead with the steel plant then probably from FI28 once all our capexes are done there will be close to about 2500 or 2,000 of cash every year.