The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Congratulations on good volumes. Sir, a couple of questions. Just wanted to check with you on how the demand situation has been overall for
both coking and non-coking? Obviously, we've seen a good set of volume numbers in Q1. How are -- how is the volume looking forward in the
next few months as per your estimates in terms of offtake? And when do you look at stepping up the pedal in production? Because a couple of
months back, we had a situation where we had to also slow down production because of inventory. So how is that now panning out overall?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Also in terms of -- you've seen a very strong elasticity, typically when your e-auction volumes went up to 30 million tonnes, obviously, there was a
correction. So is it more to do with the time lag of when the quantity was booked and dispatched? And you see better months coming ahead on
the auction side? Is your -- as you mentioned, there's a 30% premium, do you see this see this continuing or improve going forward?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Right. That's helpful, sir. Secondly, sir, now how do we stand in terms of is the ministry supportive of a price hike? Because in terms of a lot of
discounts to be offered has been already given by us. For example, the performance incentive has been let go off, which we used to get for supplying
higher than the (inaudible). We've also -- we had reduced the base price of auction. So now that your end user industries are increasing their prices,
how -- is ministry okay with that basically for allowing you to take a hike because that becomes an important thing? What is your view?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Sure, sir. Sir, so now if you could throw some light on the solar manufacturing that we were looking at. So anything that we firmed up yet on that?
And the 3 gigawatt of solar utility installation that you were talking about, sir, how are things progressing on that side?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Right, sir. And manufacturing?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Okay, sir. And lastly, from my side, it's a very, very cliche question. We always keeping on asking you. Your thoughts on your dividend policy going
forward, sir? How do you see with the balancing act between the CapEx and the payout?
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