Putting up additional capacity of 4.1 million tonne: Sanghi Industries

Sanghi Industries has posted a good set of Q3 earnings. Their profit after tax (PAT) looks good and margins too have jumped up. In an interview to CNBC-TV18, Bina Engineer, Director of the company discussed Q1 performance.

Engineer said that the overall volume was up by 16 percent, prices were up by 11 percent, so on total sales basis I have registered growth of 11 percent.

She further said that demand is picking up well.

Talking about capex, she said we are putting up an additional capacity of 4.1 million tonne, so we are doubling our capacity to 8 million tonne and for that the project cost was about Rs 1,250 crore. We have tied up term loan of Rs 800 crore and we have raised qualified institutional placement (QIP) of Rs 400 crore.

Watch accompanying video for more details…