India Glycols has gained almost 50 percent in the last one month. In an interview to CNBC-TV18, Rakesh Bhartia, CEO, India Glycols spoke about the latest happenings in his company and sector.
India Glycols is concentrating on consolidating its business and has no plans to raise capital, says Rakesh Bhartia, CEO of the company.
The company has undertaken a restructuring exercise and estimates a 10-15 percent volume growth in first quarter of FY17, Rakesh Bhartia, CEO of India Glycols said.
India Glycols is likely to consider action against NSEL issue based on government steps and has not yet made any provision on bourse's exposure, says CEO Rakesh Bhartia.
Monoethylene Glycol (MEG) prices have shot up to USD 250 per tonne in the past two months. In an interview with CNBC-TV18, Rakesh Bhartia, CEO, India Glycols spoke on the recent spike in prices and gave his outlook on margins going forward.