In an interview to CNBC-TV18, Bina Engineer, Director of Sanghi Industries shared her readings and outlook on how FY18 is looking for the cement industry.
In an interview to CNBC-TV18, Bina Engineer, Director of Sanghi Industries spoke about the impact of demonetisation on cement and gave her outlook for the company.
In an interview with CNBC-TV18, Bina Engineer, Director of Gujarat-based Sanghi Industries, talked about the cement demand situation in the state and whether there is an uptick going into next year's state elections.
Cement demand and prices, which have seen an uptick, will sustain at current levels in coming quarters, says Bina Engineer, Director of Sanghi Industries.
In an interview with CNBC-TV18, Bina Engineer, Director of Sanghi Ind said that the company has seen a 10 percent price improvement since last quarter in Western India and the retail price per bag of cement is in the range of Rs 270-275 whereas, the manufacturing price stands at Rs 255.
Bina Engineer, Director, Sanghi Industries says the company will invest about Rs 1000 crore for new Kutch cement grinding mill's first phase through internal accruals of Rs 300 crore and through debt of about Rs 700 crore over next 3-4 years.
The company expects both volumes and prices to improve over the next six months, particularly in the run up to the election.