Fall in crude prices led to reduction in prices of PVC and high-density polyethylene (HDPE) products to the tune of 15-20% so far, said Satyendra Rathi, Chief Financial Officer of Texmo Pipes.
Sanjay Agarwal, chairman and managing director, Texmo Pipes said that the company is looking to enter the Chlorinated Polyvinyl Chloride (CPVC) pipes and fittings space.
In an interview with CNBC-TV18, Sanjay Agarwal, CMD of Texmo Pipes and Products spoke about the company's GDR issue from which it is looking to raise USD 10 million. He said the proceeds of the issue would be for the expansion of the existing products range and to get into new products.