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Pranab's stance on cement duty is industry neutral: RNRL

Anil Singhvi, VC of RNRL, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.

February 28, 2011 / 16:55 IST

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Anil Singhvi, VC of RNRL, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.

Below is a verbatim transcript. For the complete interview watch the accompanying video.

Q: What are your thoughts on what the budget had to say in specific about the cement space and the shift to ad valorem now? Would you say that it is industry neutral or does it make an impact?

A: It is industry neutral because it was already there; it was only Rs 190 or less. I don

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first published: Feb 28, 2011 04:14 pm

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