Hindustan Zinc Ltd Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Vishal Chandak - Motilal Oswal Securities Limited, Research Division - Analyst : Sir, on a strategic note, just wanted to understand one thing. Zinc prices are at northwards of $3,300 and (inaudible) says whenever the cycle is in an uptrend, any acquisition done especially of the mine, et cetera, leads to kind of an impairment when the cycle turns down? At the peak of the cycle, we are considering acquisition of Zinc International assets. So how far do you think this would be a prudent acquisition?

Question: Vishal Chandak - Motilal Oswal Securities Limited, Research Division - Analyst : That's nice to hear sir. Sir, my second question was with respect to the target of 1.2 and then subsequently reaching to 1.3 million tonnes. Where are we with that respect?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : My question was on, I missed out it, against your linkage coal, how much coal you actually received from Coal India for this quarter and for cumulative 9 months, because any shortage normally they give it afterwards when their volume ramps up, right? So what's the balance quantity to be receivable in future from Coal India on the linkage shortage part?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sir, you're saying 200 rakes, each rake is roughly INR 4,000, right?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : So 1 million tonne is pending to be received?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : And you said, I think, as against your linkage of 25% to 30%, you received only 3% odd this quarter, right?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : So despite that, your cost escalation was on quarter-on-quarter basis was less than $25 per tonne, it's mainly operating leverage? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 21, 2022 / 10:30AM, HZNC.NS - Q3 2022 Hindustan Zinc Ltd Earnings Call

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : So in terms of, sir, power and fuel cost, this was the peak quarter because you will keep receiving this backlog, so your linkage coal percentage, this would be lowest ever in the quarter, right? You will at least receive much more than 3% of linkage coal what you have received in December quarter?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : And sir, last one, to meet the earlier guidance on the mined metal volume, you need over 300,000 lakh tonnes of mined metal run rate in quarter 4, you're confident of doing that?