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
: Congrats. Great set of numbers. And thanks for a very liberal dividend. Really appreciative of that. Sir, a couple of questions. Sir, how has the
e-auction volumes and pricing been post December? And how is the demand itself from the NRS sector and our supplies to that sector been?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Sure. So sir, we did close to around -- in the first 9 months, we've done around 83 million tonnes. So are you comfortable touching, obviously, more
than 100 for the full year?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Perfect, sir. On the employee cost and the contractual expenses, how do you -- now employee cost is 50 -- we've done around -- close to around
INR 30,000 crores for the first 9 months. This is -- so any actuarial or something booked on a Y-o-Y basis? Anything...
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FEBRUARY 17, 2022 / 11:00AM, COAL.NS - Q3 2022 Coal India Ltd Earnings Call
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: INR 800 crores. So this is a provision? This is noncash, is it?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: And this -- sir, over and above the INR 800 crore, we've done INR 600 crores of wage provision?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: So wage provision, we've only done for 2 quarters...
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(inaudible).
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Wage revision, we've done only for 6 months -- we done INR 600 crores so far, is it? Or we've done...
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Okay. Okay. Perfect. And sir, how do you see the contractual expenses, because, obviously, due to fuel price hike there has been a constant increase.
So how -- you see this normalizing at what level? Obviously, subject to the input cost, how do you see this moving?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: So sir, you -- so now this is -- this would be a good enough reason for the long awaited price hike. What's your view? We've been constantly asking
you the same question again and again.
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Right. Sir, last question from my side before I get into the queue. Sir, in terms of restocking at power plants, obviously, the demand from the power
sector is high and it's continuing to be high. So when do you see this restocking happening? And we read a lot in the papers that the NRS sector
constantly complains. And we, as Coal India, get higher realization selling there. So where do you see on a sustained basis beating the power
demand and moving towards NRS also? How do you see the situation qualitatively?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Just quick 2 questions, sir, one on the employee cost. Sir, how is the attrition rate panning out as we speak? So you -- and given the attrition and
post the wage hike that has to happen, sir, you see normalization of the employee cost and that not increasing going forward? That is first. And
second question is, sir, regarding the 3,000 megawatts of solar projects that we were planning to do, sir, any update on that, please?
Question: Rahul Modi - ICICI Securities Limited, Research Division - Analyst
: Right, sir. And last, sir, on the 3,000 megawatts of solar plant...
Question: Vishal Chandak - Motilal Oswal Securities Limited, Research Division - Analyst
: Thank you, everyone, for joining this call. And thank you very much, sir. I think this was a very, very candid conference call that we had had for a
very long time and I'm sure investors will appreciate that. Sir, I would hand over the floor to you for your closing remarks.
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