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Himadri Chemicals eyes CAGR of around 30% over next 3 years
Anurag Choudhary, CEO of Himadri Chemicals & Industries, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, spoke about the recent happenings in his company and the road ahead.
Anurag Choudhary, CEO of Himadri Chemicals & Industries , in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, spoke about the recent happenings in his company and the road ahead.
Below is the verbatim transcript of the interview. Also watch the accompanying video.
Q: More than a year back you all raised money form Bain Capital. How much of that has been utilised and how much is being left? Going forward, how do you plan to utilise it?
A: We have raised around USD 52 million from Bain Capital. The entire fund is to be utilised for our ongoing CAPEX program, which we expect to be completed in the next 18-20 months.
Q: How will this catapult your revenues, once you finish your CAPEX? Could you tell us about your FY12 and FY13 projections?
A: We don't give any forward guidance. Over the next three years, there will be a Compound Annual Growth Rate (CAGR) of around 30%.
Q: Can you tell us about your plans in China?
A: We are setting up our Greenfield project in China. This will be for exports of carbon chemicals from China to Middle East and other western markets. We expect to commence production of this project in the month of August 2011.
Q: Will the entire amount of USD 52 million raised Bain be utilised in CAPEX or is there any plans as well?
A: This entire amount will go the CAPEX. In addition to that we have also raised debt which will go to CAPEX.
