Have a question to senior forum member regarding the GPIL’s intention of setting up a 1 million tone per annum steel plant. How much resource GPIL needs to throw at it .At current rate its almost 8000 cr investment required to set up the same capacity. On that context maximum FCF generated in a year is around 900 cr in FY21.Iron pellet is the heavy lifter for GPIL and product is somewhat losing shine by own admission from management in Q3FY23 concall
So are we going to see a NMDC redux here when they started to increase capex after 2015 and stock has gone sideways or am I missing something here.
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