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Asbestos pricing good due to shortage of material supply, says Visaka Industries

Updated : December 08, 2020 04:22:48 IST

Cement roofing sheet manufacturer Visaka Industries on Tuesday said asbestos pricing has been good due to shortage of material supply at the beginning of this year.

In an interview to CNBC-TV18, G Vamsi Krishna, joint managing director, said, "The industry is very seasonal. There has been a dip in Q2. In Q3, the company is seeing about Rs 5-10 margin overall. However, margins will be good going forward as we are seeing good agricultural output this year."

Krishna said, "The rural demand is supporting us as customers are shifting back to asbestos cement sheets from metal sheets due to the utility point of view. So, the price difference between us has always been around 10 percent. If the steel prices go up any time, the company benefits from it."

For entire interview, watch video.
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