Caustic soda industry doing well; global effects helping: Meghmani Organics

Meghmani Organics is buzzing in trade; it's up 150 percent in the last six months. In an interview to CNBC-TV18, Kaushal Soparkar, MD of the company spoke about the latest happenings and his outlook going ahead.

Caustic soda industry is doing very well in India right now, a bit of global effect is also helping, said Soparkar.

He further said that 35 percent of United Sates' chlor-alkali capacity is impacted by Hurricane Harvey and China is imposing tighter environment control, which has positively impacted India.

Speaking about chlorine, he said smaller segments are increasing the utilisation of chlorine.

Increase in price of chlor-alkali also led by rise in price of coal, he mentioned.

Soparkar expects 35 percent EBITDA margin in caustic soda business. Consolidated margins should be around 18-20 percent, he added.

On pigment business front, he said the sector is seeing demand increase in India.