In an interview to CNBC-TV18, K Ravi, MD of NCL Industries spoke about the results and his outlook for the company.
The company crossed about 1.5 million tonnes (mt) of cement in FY17, he said. He expects to touch 2 mt of cement sales volume in FY18.
EBITDA was Rs 600 per tonne in Q4 FY17, he expects to maintain it at the same level.
“Demand is good and my expectation is next two-three years cement is going to do very well”, he said.
The company is adding another one million tonne of clinker and 0.7 million tonnes of grinding in cement division.
“Right now we have two plants of 30,000 tonnes per annum capacity and we are adding another 30,000. Probably by next month, we will be able to commission the third plant and with that it is going to be 90,000 tonnes per annum capacity”, he further mentioned.
For full interview, watch video...
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