«As per the F&S report, the petrochemical side is going to be added in the capex where these cracking furnaces are going to be prospective in the future,» says Goutam Rampelli, Whole Time Director, JNK India.
Meanwhile, Pravin Sathe, CFO, JNK India says, «So far as the capex plans are concerned, we did not have any capex plan in the near future as per the RHP. We have been an asset-light model and we have a lot of vendors who are empanelled with us and they are capable of meeting the standards that are required for these equipments.»
What is the outlook when it comes to the demand for the company's products, like O&G upgradation as we are seeing capex gather pace both internationally as well as domestically?
Goutam Rampelli: Yes, this oil and gas and also the petrochemical industry is going to have much more growth than they expected. And as per F&S report what we have seen earlier that it is going to be Rs 6,300 crore market value for this heating equipment.
And also, add to that, we have other products which are systems and insulator-based gas handling system along with renewable energy. So, the growth rate what we had seen, similar growth rate is going to be there or maybe better.
What kind of market share do your products currently enjoy and which are the key