Sanghi Industries is up 28 percent in the past month. In an interview to CNBC-TV18, Bina Engineer, Director of Sanghi Industries spoke about the latest happenings in his company and sector.
Sanghi Industries is up 28 percent in the past month. In an interview to CNBC-TV18, Bina Engineer, Director of Sanghi Industries spoke about the latest happenings in the company and sector.
Cement prices higher by 25 percent year-on-year (YoY) in the months of July and August. Post goods and services tax (GST), prices have softened a bit but still I see there is price improvement of almost 20 percent on a YoY basis, she said.
The trend generally is that second half of the year that is October to March is the season when the construction picks up on infrastructure as well as housing side. We are expecting a significant volume growth in the second half of the year, she added.
Q2 capacity utilisation was at around 70 percent. Believe company will continue to outperform industry growth, said Engineer.
Looking at doubling capacity by 2020, she further mentioned.
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