Prakash Chhabria, Executive Chairman, Finolex Industries in an interview to CNBC-TV18 said FY17 looks to be a good year for the company in terms of growth and demand.
In an interview with CNBC-TV18, executive Chairman of Finolex Industries, Prakash Chhabria said the company is seeing better demand in its PVC business due to pent-up orders and overall economic demand.
Prakash P Chhabria, executive chairman, Finolex Industries expects margins to improve on contracting Ethylene Di Chloride (EDC ) and poly vinyl chloride (PVC) contracts.
Finolex Industies‘ new plant at Masar is expected to increase the company‘s production capacity by 25 percent. Speaking to CNBC-TV18 chairman Prakash Chhabria said Finolex's margins may boost to 11 percent in FY14.