In an exclusive interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, Prem Shankar, COO of Ramco Industries says the contributions from the company’s CAPEX plans will come on-stream in FY12. “A new fibre cement sheet plant in Bihar and a new plant in Sri Lanka, together will take us to the revenue of Rs 550 crore in the roofing segment,†he says.
He further adds, “the roofing segment along with textile and calcium silicate board, all together help us expect FY12 revenue to be around Rs 730 crore.â€
Below is a verbatim transcript of Prem Shankar’s interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar. Also watch the accompanying video.
Q: Can you talk about this roofing capacity which is possibly coming on-stream in the next one month? What would your revenues for FY12 look like?
A: We are opening a new fibre cement sheet plant in Bihar. It will add about 1,20,000 tonne per year to our capacity. It will take the total installed capacity in India close to 600,000 tonne a year. It will also contribute to about Rs 80 crore to Rs 90 crore per year in turnover.
Q: Will this contribution come on-stream for you in FY12? What would your revenues look like? Could you give us a financial projection?
A: This year we hope to do with our Sri Lankan operations taken into account about Rs 450 crore. With the Bihar plant and a new plant in Sri Lanka, which is another 120,000 tonne, together it will take us to revenue of Rs 550 crore in the roofing segment. In addition, we have the textile and calcium silicate board, hence, everything put together we expect FY12 revenue to be Rs 730 crore.