In CY2016 cement EBITDA will be approximately Rs 650 to Rs 700 per tonne, says T Srinivasa Rao, CFO at Rain Industries.
Rain Industries' CFO T Srinivasa Rao expects cement demand and capacity utilisation to improve going ahead.
In an interview to CNBC-TV18 spoke about the company's performance going forward. He said the company sees improvement in their operating margins and volumes in calendar year 2015.
Rain Commodities has the ability to service the debt for acquiring Belgium-based chemicals firm Rutgers, said T Srinivasa Rao, Chief Financial Officer of Rain, in an interview with CNBC-TV18.
Rain Commodities announced its Q3CY11 results and approved a buyback of Rs 1 crore fully paid up equity shares. Chief financial officer T Srinivasa Rao expects the profits to be upwards of Rs 100 crore each quarter. The company plans to list its CPC business by second half of FY12.
T Srinivasa Rao, CFO, Rain Commodities, talks to CNBC-TV18 about the company’s plans to list its Calcine Petroleum Coke (CPC) business on the bourses. The segment contributes 80% to revenues and operating margins, he says.