See improvement in chemical sector, may restart methanol plant: RCF

RCF reported a weak second quarter. In an interview with CNBC-TV18, Suresh Warior, Director of Finance of the company discussed the company's Q2 performance.

The volumes were slightly better as far as RCF is concerned and there were no changes in the prices. During Q2 there were some restrictions in the movement of material through rail. There were four derailments in western sector because of heavy monsoon plus the availability of rakes in the western zone has been very limited, he added.

If the rake availability is better, we will be able to dispatch more and sell more, he added.

Outlook for chemical sector has improved in Q3. The prices of most of the chemicals have gone up, so we are thinking of restarting the methanol plant which has been closed for more than a year, said Warior.

We will see a lot of improvements as far as the chemical sector is concerned, he further mentioned.

For full interview, watch accompanying video...