So sufficient raw material is available for satia? so soon we could see the bottom line kick-off?
Q4 concall extract
S. Padmanabhan: And what about exports if India is not lucrative is there an opportunity to export anywhere
R. K. Bhandari: Yes, for export we need to have different registration for Europe you need different
registration, for US you need different registration number one. Number two we need
much bigger capacities also because their demand is huge, and they want to divert from
China to India. So, at the moment because India doesn’t have that kind of capacity to
generate the range and the quantity that is being looked for by US market. So, maybe not
too many people are coming in India. So, like we are planning another 4-5 machines so we
are already talking to one US fellow so whatever fixed products that you want from us you
just tell us, which will be a regular demand from your side we will buy only those moulds
and continuously produced for you if have some kind of arrangement based on the cost
price relationship on a longer perspective. So, that is how we are looking at this business
and the decision will be made after first July only. They were telling abt some export negotion and the same will be decided on july end.
Any updates abt this negotiation? your view?
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