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: Ashish G. Jain - Macquarie Research - Analyst
: Sir, I have 2 questions. Firstly, your comment you just made on coking coal and given our guidance for 3Q, does it mean that 4Q onwards is another
$100 impact is left to be reflected in our financials from a coking coal point of view?
Question: Ashish G. Jain - Macquarie Research - Analyst
: Okay. Okay. Got it. And sir, second thing, sir, if you can clarify on the carbon cost impact in Europe that we had in 2Q. I missed that comment. And
what is the outlook for carbon costs in the second half in Europe?
Question: Ashish G. Jain - Macquarie Research - Analyst
: Got it. Got it. So sir -- so Koushik, we still remain on track to levy carbon-related surcharges and all after the first EUR 12 number that we have put?
And what's the feedback and acceptance of that? And is there a case to think that, that number can be raised further?
Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst
: Sir, you mentioned that Europe used to export 1 million ton to U.S., which was down by 50% earlier due to the tariffs imposed by the U.S., which
is not there. So you're saying that Europe operations will have that opportunity to increase exports, one? And second is now since you were already
exporting, there was some tariffs in U.S., which won't be there. So your profitability for exports to U.S. would improve going forward?
Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst
: On the recycling -- the plant that you had mentioned, could you tell us at what volume level it is operating and what is the sort of a cost of operation
as well as the margin in that particular plant?
Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst
: Right, sir. And the second question was about the [European] business. What is the current (inaudible) breakeven in the European business? And
what is the progress on the cost initiatives? And how would that impact the breakeven cost going 1 year or 2 year down the line?
Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst
: Sir, just to understand this further, but (inaudible) you mentioned around EUR 220 to EUR 250 is sort of a breakeven cost, and then you had outlined
the initiatives of around taking out INR 3,000 crores of costs.
Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst
: So is there any change around this? Or is there any status update on this, sir?
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