Balaji Amines eyes Rs 450-500cr revenue in FY12

In an interview with CNBC-TV18, D Ram Reddy, Balaji Amines, spoke about the latest happenings in his company and sector.

Below is a verbatim transcript of his interview with CNBC-TV18's Reema Tendulkar and Ekta Batra. Also watch the accompanying video. Q: How much your capacity is? How much this MNP plant is currently working at and what is the ramp up you could possibly expect in the next one year? A: Current capacity of MNP is about 6,000 metric tonne. We are adding a new capacity of 16,000 metric tonne. So, the total capacity comes to 22,000 metric tonne. Maybe in 2012, we may utilise about 16,000 to 17,000 metric tonne. Q: If you do utilise about 16,000 to 17,000 tonne how much will it add in terms of your revenues if you could give us some estimate in FY12? A: It will add around Rs 150-200 crore to the revenue. Q: About this MNP plant, currently what it is operating at in terms of capacity? A: At present, the existing capacity is about 6,000 tonne, utilisation is almost 95%. Q: Post commission, how much of your total revenues will comprise of MNP and what about the remaining business? A: Once we commission this, it may come to around 30% of the total revenue of the MNP. Q: Can we expect about a Rs 600 crore revenue in FY12 for the entire company? A: No. It can go to around Rs 450 to 500 crore. Q: You also launched a new product called Polyvinyl Pyrrolidone (PVK K-30) which is basically used for cosmetics and pharma formulations. Can you just take us through the potential of this product as well? A: This product PVK K-30 is mainly used in all the pharmaceutical products. It is used as a binder. This being a pharmaceutical product we need to have certain regulatory issues.