Margin to be around 10%; Plastic business will garner higher margins: Gravita India

Gravita India is in focus on the back of a Rs 300 Crore order win from Singapore firm, Kyen Resources Pte Ltd. In an interview with CNBC-TV18, Vijay Kumar Pareek, VP & HD-SBU of Gravita India, spoke about the latest happenings in his company and sector.

Talking about margins he said, “We will be close to 10 percent margins because the major capacity expansion will be in the plastics. Plastic business we foresee better margins as compared to aluminium and lead business.