Prakash Diwan view on Oswal Chemicals

The restructuring and coming back of the plant in terms of full capacity in operational means is going to catapult Oswal Chemicals into a very different orbit, says Prakash Diwan of Networth Stock Broking.

Diwan told CNBC-TV18, "Bindal Agro as listed on the NSE probably better known as Oswal Chemicals and Fertilisers. The company has had its share of issues in terms of earnings. We have seen it clock a lot of losses for the last many quarters, thanks to the kind of huge gearing that it had availed off."
He further added, "The restructuring and coming back of the plant in terms of full capacity in operational means is going to catapult this stock into a very different orbit and expectation is that FY12 end it could close with about 600 crore of sales and finally after a long gap of 2-2.5 years a profitability on the bottomline also."