See 15-20% revenue growth going forward: Burnpur Cement

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See 15-20% revenue growth going forward: Burnpur Cement

In an interview with CNBC-TV18, Ashok Gutgutia, VC and MD, Burnpur Cement, spoke about the latest happenings in his company and sector.

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In an interview with CNBC-TV18, Ashok Gutgutia, VC and MD, Burnpur Cement , spoke about the latest happenings in his company and sector.

Here is a verbatim transcript of the exclusive interview with Ashok Gutgutia on CNBC-TV18. Also watch the accompanying video.

Q: There has been a 5-10% price appreciation across the country after the kind of slump that the Q3 saw in the pricing, what sort of realisation and volumes level are you currently quoting?

A: The markets are improving because the monsoons are over. January to March, every year things improve for the cement industry, so this year also the cement industry is doing well. The demand is picking up and realizations are also going high.

Q: What was your realization for the Q3 and where do you foresee pricing form here onwards when it comes to your company?

A: Last quarter we had a jump of about 8-10% in turnover as compared to last year and also the profit. By January- March, we are expecting a good improvement of minimum 15-20% jump in turnover as well as profit.

Q: Have you undertaken any price hikes?

A: Yes, a jump of Rs 10 on each 50kg bag has taken place.

Q: Outline your capex plans for us, what is the total capacity expansion that you are planning at this point in time? Also in the eastern region of the country where you are particularly present, what kind of infrastructure development are you seeing on the back of which your dispatch numbers are looking good?

A: A lot of infrastructure projects have started because the last year we were supposed to start a lot of projects, but they were held due to the financial meltdown. This year all the projects are on the verge of starting, few projects have started.

Q: What is your expansion plan?

A: We are putting up an integrated plant of 800 tonne per day.

Q: How much would you be investing in that?

A: More than 200 crore in this project.

Q: Are you planning for any fund raising, where would the funds come from?

A: Our debt equity is tied up, so the financial part is complete.