In an interview to CNBC-TV18, K Ravi, MD of NCL Industries spoke about the latest happenings in his company; debt levels post qualified institutional placement (QIP), current borrowing costs and sales volume target for FY19.
There has been steady increase in demand, says K Ravi, MD of NCL Industries. A further increase in prices is likely in the near-term, he adds.
Impact of demonetisation has been negligible, says K Ravi, MD of NCL Industries.
K Ravi, Managing Director, NCL Industries says cement prices are very encouraging and the company plans to expand its cement business.
The company touched 98 percent capacity utilisation levels in March aided by various irrigation and concrete road projects undertaken by the government in Telangana, says K Ravi, MD of NCL Industries
K Ravi, MD of NCL Industries, says the Telangana government is doing quite a bit for housing, infra, etc., which will boost prices, though at the moment prices haven't inched up much in the region
The additional cess is likely to hit the company‘s operating profits by more than 5-6 percent said K Ravi, MD, NCL Industries.
In an interview with CNBC-TV18, NCL‘s Managing Director, K Ravi says that demand for cement in southern India, especially Karnataka and Tamil Nadu, is steadily increasing.