00:00 We have with us Mr. Mukesh Agarwal. He is the Director of Finance of Coal India Limited.
00:04 He will be talking to us about the company's revision in guidance that they have given
00:10 for FY24 and FY25 also. So, sir, there has been a negative impact after the guidance
00:18 was given. What is your view on that? Do you think that the market has taken it negatively?
00:23 What I understand that the market has not understood what the chairman has said in the
00:27 call. Chairman has very clearly indicated that there is a lagging of 10 to 12 million
00:32 ton coal in the SEC, whereas other companies are making shortfall good of this coal. So,
00:40 it is guaranteed that we will achieve 770 million tons, but it is not that he said that
00:45 10 million ton will be reduced. He also said that other companies are increasing 1 million
00:50 tons, so it will offset. So, lastly, this is not that fully 10 million ton is going
00:56 to be shortfall, but he said that it is 770 million tons we will achieve. This is the
01:02 rest assured, which is more than 10% of the last year production. People have not underlined
01:07 that 10% more from the previous year production, the coal is going to be happy. And regarding
01:16 FY25, what the chairman has said that we have reduced from 850 million tons to 838 because
01:23 of the piling of the stock at the pit head and the power plant. And if required, we can
01:31 go with our initial plan. That is the thing what I had said. And number two, what is the
01:36 major reason of shortfall people has, I think, factored 100% premium as was it in the last
01:43 year on the e-auction. That was because of the global sector. Now, premium depends on
01:49 the demand and supply. So, this year premium is not at the level at which we are expecting.
01:54 So, that people has factored. But the things will go as per the market demand and conditions.
01:59 Thank you.
02:00 So, basically, you are hopeful of achieving this 1 billion target that you all had projected
02:05 for FY26 and that is there, aren't you?
02:07 Yes, that will go as it is. There is no correction in that. We are adhering to our earlier commitment.
02:13 So, once I think we reach 1 billion ton capacity, there is possibility that we might also look
02:19 at non-regulated sectors to supply to that. So, what kind of surplus we can look at after
02:25 1 billion ton happens from non-priority sectors?
02:28 Right now, I won't have a data for this non-regulated sector. But one thing what I can say, as the
02:33 production is going to increase, similarly, the demand is also going to be increased in
02:38 the market. Seven gigawatt, 70 gigawatt more thermal power plants are coming. Number two,
02:44 that industrial infrastructure demand is going to be increased where the more power will
02:48 be required. And domestic consumption is also going to be increased. As the economy is growing,
02:53 people are living, standard is going to be high. So, there is ample opportunity to absorb
02:58 this 1 billion ton coal in the country itself.
03:02 And today, the Ministry of Coal, they have launched this new coal gasification plant
03:07 plan where they are providing 8,500 crore rupees VGF also. So, how much coal can Coal
03:13 India provide under this scheme?
03:17 This will depend on the linkage of what we, the bidders who is coming to bidder, whether
03:22 they have blocks or not. If someone is having already blocks, they will not require. But
03:27 I think there will be linkage will be provided by the Coal India as per the requirements
03:31 of the bidder.
03:32 And this linkage would solely be for gasification plants?
03:35 Yes, it will be for the solely for the linkage.
03:40 Recently, you all had announced your plan for entering into renewable sector also of
03:45 5 gigawatt of capacity that you are looking to set up. So, what is the current status
03:49 and how you are planning to go about?
03:51 Company is aggressively bidding for the different projects. We are talking with the different
03:55 governments. Recently, company has backed 300 megawatt solar project at Khawala. And
04:01 company is also in talks with the Rajasthan government for 1,190 megawatt for in solar
04:08 power Fugal. So, these are the plants which we are working. And for others, we are aggressively
04:14 discussing with the different state governments for the creation of the solar renewable plants.
04:21 So, as of now, you said how much capacity you have?
04:25 Presently, commission is not. But we are working at present at 2,000 megawatt.
04:31 And where exactly is this project happening?
04:36 1,190 we are looking at Rajasthan, 300 at Khawala. And other projects we are looking
04:43 at different states.
04:46 And one last question on overall capacity expansion plans or CAPEX investment plans
04:51 that you have for this FY25?
04:55 We had already...
04:56 24, how much you have already?
04:57 16,500 is our CAPEX target. We are going to achieve definitely 16,500. Next year, our
05:04 CAPEX target is 17,500 crore rupees is there. And we will adhere to this.
05:12 Thank you.
05:14 (upbeat music)
