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: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: My first question is the Siliguri grinding unit in the fourth quarter, will we see some utilization there? Or was it still under the trial run?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: And as of date, is it starting or -- I mean in the first quarter also we'd see contribution negligible from Siliguri?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: Okay. But fourth quarter, it was not available. That's what we can say, right?
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JUNE 10, 2021 / 10:30AM, STAT.NS - Q4 2021 Star Cement Ltd Earnings Call
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: I'm just trying to gauge, sir, was it possible to buy clinker from local partners in East and ramp up the volume that we have forgone in the fourth
quarter? That was my limited point there. Was that...
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: The second question is, sir, about the coal auctioning at Meghalaya. Has that restarted? And if it is, is it auction or is it at the old rates only?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: And currently, we are 100% of our coal from [Eastern part]. Is that understanding correct?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: I see. Sir, on the capacity side, I just wanted to understand the enhanced capacity post Siliguri on the cement side would be INR 5.5 crore, INR 5.4
crore. Is that the correct understanding?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: Including Siliguri?
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JUNE 10, 2021 / 10:30AM, STAT.NS - Q4 2021 Star Cement Ltd Earnings Call
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: And the backup clinker for that would be around 3 million tons, including Lumshnong and the [PML] unit?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: Just trying to understand, in that case, the clinkerization unit now, what we understand is in the last time the commentary was, it will be commenced
by fourth quarter FY '23. But what is now essentially the commentary is, that probably it will take 3 years from here. So is there any delay that way
on the clinker availability? The new clinker expansion?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: And that groundbreaking would be maybe another 2 to 3 quarters away? Is that a fair assumption?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: Okay. So then do we see that there will be some clinker shortage in the interim period from -- in FY '22?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: Okay. And sir, on the line items, again, back to this Other Expenses, also have seen some escalation there on the -- I mean, on a run rate basis.
Anything there that you've seen in Other Expenses?
Question: Milind Raginwar - Centrum Broking Limited, Research Division - Analyst
: No, sorry, even if I adjusted that, the run rate is coming up about INR 75 crores vis-a-vis the normal run rate of INR 2 crores. So I was just wondering
where that -- or maybe I may take that off-line then. Yes. That is it from my side.
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Sir, my first question is how much are the incentives that were realized during the year? And how much is the outstanding right now?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: I want details on both subsidy, capital as well as transport.
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Okay. So it's only transport subsidy, which is there?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Okay. Okay. So was there any incentive received -- any subsidy received during the year?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Okay. No, no, problem. No problem. Sir, my second question was, what is the fly ash costing right now for us, what is the sourcing arrangement?
Is there any cost inflation on fly ash sourcing?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Sure. Sir, the prior question, you indicated INR 7,500 to INR 8,000 per ton. Is this a landed costing? And what is the calorific value corresponding to
this coal?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: That is helpful. And sir, lastly, you indicated that we are waiting for the EC. is there any steps [specifically] approvals from locals or any village
approvals, something which is required, we are waiting for that and hence the process is getting delayed?
Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst
: Okay. And sir, do we already have a limestone corresponding to this 3 million tons clinker? Like all the approvals already in place for that? Or is it
something which is pending?
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JUNE 10, 2021 / 10:30AM, STAT.NS - Q4 2021 Star Cement Ltd Earnings Call
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