Moneycontrol PRO

business

Raw materials cost to be higher in Q1FY17: Kalyani Steel

The company doesn't have MIP on its products, hence the profitability and prices were not affected in the last fiscal year, however, the increased raw material costs did affect the margins, says RK Goyal, the MD of Kalyani Steel.

first published: Jun 16, 2016 03:13 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347