Power Generation Guidance
ITP generation expected to exceed 415 crore units in FY27, surpassing FY26 levels with commissioning of new 30 MW captive power plant improving steel production volumes.
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Sarda Energy & Minerals · forward-looking guidance across the available source record.
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Shahpur West Coal Mine Commissioning
High-grade Shahpur West coal mine targeting commissioning before end of FY27; coal to primarily serve captive power plants at SKS and Ramagundam.
SKS Thermal Expansion Timeline
Environmental clearance for 600 MW to 1,200 MW brownfield expansion expected within 6-8 months, with construction commencement thereafter; completion targeted by FY31.
Arunachal Pradesh Hydro Project Start
66 MW hydropower project in Arunachal Pradesh to begin construction this fiscal year itself; key statutory approvals in hand and land acquisition complete.
FY26 Capex Budget: Rs 500-600 crore
Company has earmarked Rs 500-600 crore capex for FY26 covering coal mine expansion, hydropower projects, and 50MW solar plant commissioning expected by year-end.
Multi-Year Capex Commitment: Rs 500-700 crore annually
For the next three years, management has lined up capex of Rs 500-700 crore each year for ongoing projects including coal mines, hydro projects, and ITP expansion.
SKS Power PLF Target: 80% annual average
The 600MW SKS thermal plant targets 80% average annual plant load factor with cost savings of approximately 15 paise per unit from lower coal prices.
PPA Mix Target: 50% medium/long-term by end-2025
Strategy to tie up 50% capacity under medium/long-term PPAs (100MW medium-term under negotiation, 100MW long-term under negotiation) with remaining 25% for short-term/open market.
Q4 Revenue to Improve from Q3 Levels
Management explicitly stated Q4 will be better than Q3 levels, citing seasonal improvement in power pricing and sustained steel price recovery momentum.
FY26 Capex ₹550-600 crore
Already spent over ₹400 crore in 9 months. Guidance of ₹500-600 crore for full year should be comfortably achieved, with similar expenditure for FY27 excluding inorganic opportunities.
GarPaima 4x7 Mine Capacity Enhancement (1.68→1.88MT) — Final Stage
Approval for capacity increase from 1.68 million tons to 1.88 million tons is at final stage and expected shortly within current financial year.
50MW Captive Solar Project — Q1 FY27 Commissioning
Commissioning of 50MW captive solar power project expected in Q1 FY27 with work progressing on schedule.