Q: Are you already in talks with anyone as a potential JV partner for cement?
A: No.
Q: What kind of performance do you expect in 2010 itself? You are already about a quarter into the New Year, how would your margins be in your calcined petroleum coke business?
A: In the calcined petroleum coke business, we see some amount of revival taking place. A lot of new aluminium capacities are getting added in India as well as Middle East. We expect this production would increase by 8-10% in CY10.
But there is a substantial shortage of raw materials, because of which, as we have a secured supply of raw materials because of the long term relationship what we have with our refineries across the world, we have a somewhat comfortable position in procurement of raw materials.
So in this process we feel that the operating margins can improve and the volumes would also improve in CY10.
