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In an interview to CNBC-TV18, Niraj Shirgaokar, MD of Ugar Sugar Works spoke about the results and his outlook for the company.
Ugar Sugar looks to offload last year stock and expects a better result in Q4, says MD Niraj Shirgaokar.
Demand has been weak but in Q2 and Q3 of the year -- as the festival season comes -- Niraj Shirgaokar, MD of Ugar Sugar Works expect the demand to pick up, which will lead to price increase.
The prevailing drought conditions will bring down volumes to 12-13 lakh tonnes from earlier expectation of 18 lakh tonnes, says PV Shirgaokar, Chairman of Ugar Sugar Works.