Mr Praksh M Sanghvi, CMD of Ratnamani Metals in an interview with CNBC-TV18 spoke his outlook for the company. Below is a verbatim transcript of the interview.

Q - How do you hope to close FY10 and more importantly what is your outlook for FY11 considering the way raw material prices are going? Would your revenue growth compensate for the kind of possible margins slip that you are expecting?

A - We are in a spacious segment of oil and gas as well as power plants. Stainless steel mix of welded seamless as well as carbon steel for line pipe and for various project piping. The company has a unique number of segments. We are definitely very bullish on FY11 with the growth of say 15% or so. We have a good order booking, good live requirement into oil and gas, new tenders are coming.

Q - Where does your book stand currently?

A - It is at INR 400 crores.

Q - The management had guided to revenues of closer to INR 1,000 crores in FY10, your nine months figures are about INR 530 crores. Will you be able to do that the other portion, INR 470 crores, in the last quarter?

A - We may not touch INR 1000 crore because of various reasons downfall little bit and raw material prices has gone down in both stainless steel as well as carbon steel. The company has not reached to what we expected.

To read more about the interview please visit www.steelguru.com