Moneycontrol
Last Updated : Nov 02, 2017 03:17 PM IST | Source: CNBC-TV18

Looking to move towards high return on capital employed biz: Uniply Industries

In an interview to CNBC-TV18, Keshav Kantamneni, CMD of Uniply Industries spoke about the latest happenings in his company and gave his outlook for the future.

CNBC TV18 @moneycontrolcom

In an interview to CNBC-TV18, Keshav Kantamneni, CMD of Uniply Industries spoke about the latest happenings in his company and gave his outlook for the future.

Recently we hived off plywood business into a subsidiary and that marks the beginning of our journey into a building solutions provider, said Kantamneni.

Talking about orderbook, he said the current orderbook stands at Rs 1,500 crore and will book 30-40 percent of the orderbook in this fiscal.

He said we have diversified a lot into affordable housing space and executing about Rs 450 crore worth of order in just south of India with regards to affordable housing.

He further said that plywood accounts for 20 percent of revenue. Therefore, we are moving into architectural designs, building solutions, sewage design etc.

Looking to move towards high return on capital employed (RoCe) business, he said.

Before November-end, will release all the pledges on promoters' stake, Kantamneni added.

Watch accompanying video for more details.
First Published on Nov 2, 2017 03:16 pm
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