Jayant Acharya

This transaction will enable a cash flow of INR 32,000 crore and a substantial deleveraging of about INR 37,000 crore for JSW Steel.

We have been more or less at 90% or above across quarters.

Looking ahead, steel prices have begun to recover in end December and have continued an uptrend in January.

We have commissioned India's first green hydrogen electrolyzer at a 25 MW facility capable of producing 3,800 tons of green hydrogen per year.

Our focus on exports over the last few years has moderated due to a strong growth in the domestic market.

We are reasonably optimistic that the prices should move up in this quarter, maybe November, December.

Our domestic sales grew by 12% YoY, which was much higher than the industry growth of around 8% during the quarter.

We also reported the highest-ever sales in the alloy-long products business, which grew 19% YoY, and our sales to the appliance segment grew by 27% YoY.

The headwind is, as I said, in terms of price. So the prices are something which have softened. But we have these cushions to be able to, you know, mitigate some part of the cost, part of the profit realization.

The new 5 million ton operation post-stabilization will have significantly lower conversion costs compared to our existing operations by around INR 2,500 per ton of hot rolled coil.

We have implemented the resolution plan in full compliance with the laws, and that is reflected in the status of the assets as you see today.

We delivered the highest-ever consolidated crude steel production in Q3 at 7.03 million tons, up 2% YoY and 4% quarter-on-quarter.