In chat with Anil Singhvi, NCL Industries MD K Ravi says no Covid-19 impact on operations so far
Zee Business Managing Editor Anil Singhvi on Monday invited NCL Industries Limited MD K Ravi on his show and asked him about the impact of Covid 19 on his company and cement business.
Zee Business Managing Editor Anil Singhvi on Monday invited NCL Industries Limited MD K Ravi on his show and asked him about the impact of Covid 19 on his company and cement business. The Market Guru revealed that NCL Industries has performed exceedingly well in Q4 in terms of production and dispatch on year-on-year basis as both these numbers increased by 33 to 38 per cent respectively.
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Talking about the good show by the company, K Ravi said, " Last year we were worried due to Covid 19 situation and many of our units had also shut down. However, luckily, we saw a very good demand after the last year lockdown was lifted and we overperformed. Besides, our ceramic concrete business also did well, particularly in South. We have been able to double our ceramic concrete units from 5 to 10 as well. Building material as a segment in general is doing very well. Real estate and state government's housing and irrigation projects have also been pushing demand."
कोरोना में कैसा है सीमेंट, सेरामिक कारोबार? क्या है NCL इंडस्ट्रीज की कैपेक्स योजना ?
जानिए कंपनी के MD के. रवि के साथ अनिल सिंघवी की एक्सक्लूसिव बातचीत#NewsParViews #Covid19 #Cement @AnilSinghvi_ @NCLIndia pic.twitter.com/GWHkxpQTqG
— Zee Business (@ZeeBusiness) April 26, 2021
About labour shortage issue and impact on production and operation of the company due to Covid 19, he said there is no such shortage in Telangana and Hyderabad as they have their own labour and our company is not much dependent on migrant labourers.
As far as price is concerned, margin is decent, however, the price has little a diluted due to Covid 19 in the last week, said K Ravi, adding prices have come down by Rs 5 to Rs 10.
Talking about company's expansion plan, he said there are several plans in the pipeline and are under operation. " Recently, we have invested Rs 100 crore in waste heat power business. We are also putting Rs 150 crore on a grinding unit near Visakhapatnam. Besides we are investing in solar power and Rs 60 crore to revive some old projects," concluded NCL Industries MD.
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