One should look at total annual EBITDA and not quarterly EBITDA.
If steel export duty had not happened, annual EBITDA would have been 1500 cr.
once they double pellet capacity in 2.5 yrs, annual EBITDA should reach 2500 cr at current iron ore price.
If iron ore prices are up by 30% in 3 yrs, the annual EBITDA would be 3500-4000 crores.
How many listed cos in India, have annual EBITDA of more than 2000 crores and zero debt?
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