TEXMO Pipes and Products targets Rs 200cr sales for FY12

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TEXMO Pipes and Products targets Rs 200cr sales for FY12

Sanjay Agarwal, chairman and managing director of TEXMO Pipes and Products told CNBC-TV18 that the company targets close to Rs 200 crore sales for this financial year. He also mentioned that the Dealer’s Conference, scheduled on September 17, might give the company orders worth Rs 10 crore in a single day.

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Sanjay Agarwal, chairman and managing director of TEXMO Pipes and Products told CNBC-TV18 that the company targets close to Rs 200 crore sales for this financial year. He also mentioned that the Dealer's Conference, scheduled on September 17, might give the company orders worth Rs 10 crore in a single day.

Here is the edited transcript of his interview. Also watch the accompanying video.

Q: A Dealer's Conference has been taking place later in this month. What are your expectations from that? Are you likely to bag any orders?

A: The Dealer's Conference is scheduled on September 17. All our dealers, sub dealers and distributors would come from across India. We expect orders close to Rs 10 crore in the Dealer's Conference on a single day.

By end of September and first week of October, our new season will commence and along with that our regular orders will also start coming in.

Q: What does your total order book stand at currently?

A: Currently, the order book stands close to Rs 8-9 crore, purely on the basis of corporate and government order. The regular orders, coming from the market on the day-to-day basis, would get executed.

The three months of July-August-September is an off season for our industry due to the monsoons. We do not expect market participation this time. From the next month towards the end of this financial year, the six months will be our season.

Q: Besides the Dealer's Conference in FY12 till March 2012, how much of an inflow are you estimating?

A: We project the sales target close to Rs 200 crore for this financial year. Last year, we finished on close to Rs 140 crore. We expect same growth in the current financial year because of our fittings project as well as the drip irrigation. These products have already come into the market and are getting a good response. With the sale of fittings, etc, it will help us boost our pipe sales. This is our target for the current financial year.

Q: What kind of a scale up could we see in your CPVC fitting orders?

A: The CPVC project is on process. We have scheduled a meeting with the raw material suppliers last month. We expect to hear from them towards the end of this month. Once we hear from them, we would sign an MOU for the raw material.