Jindal Steel And Power Ltd Q3 2022 Earnings Call Transcript

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

Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst : Two questions from my side. First is, can you explain the usage of EBITDA during the quarter? So we had around INR 3,000 crore of EBITDA, but net debt reduction was around INR 200 crore. So could you just explain through the cash impact? Can you also give us a similar position for 9 month as well? The second question is about the status of the pellet plant in terms of sort of the intermediate milestones, could you guide us on what milestones have been achieved till Q3? And what are the likely milestones for the next quarter?

Question: Kirtan Mehta - BOB Capital Markets Limited, Research Division - Analyst : The second question was about the pellet plant, in terms of what are the -- could you give us more light on the intermediate milestones in terms of what has been done so far and what are the next immediate milestones to be tracked?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sir, can you hear me?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sir, I wanted to know the Australia mines... REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 09, 2022 / 9:15AM, JNSP.NS - Q3 2022 Jindal Steel And Power Ltd Earnings Call

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Yes. Now it is clear?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sir, Australia mines, on 95,000 tonnes, we were profitable in this quarter, partially because of the higher coking coal prices. If you can guide on the cost of production achieved at the Australia coking coal mines in the quarter and how are we planning to reduce that cost going forward?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sir, roughly sub $100. And again, in case of grade, if I understand correctly, normally, you get realizations 55% to 60% of the premium hard coking coal prices? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 09, 2022 / 9:15AM, JNSP.NS - Q3 2022 Jindal Steel And Power Ltd Earnings Call

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sure. My second one also on the CapEx plan, if I was reading correctly. Earlier, you had planned to spend roughly INR 2,500 crores, INR 2,600 crores in this fiscal. But I think you said you spent INR 1,000 crores-odd in 9 months and INR 800 crore you plan in Q4. So your CapEx run rate would be less than the earlier expectation?

Question: Bhavin Chheda - Enam Holdings Pvt. Ltd - Analyst : Sure. And then the last one was, the INR 5,000 crore net debt run rate is assuming...