Our capex plan and backward integration will reinforce long-term sustainability of our business
increased our Vinyl Sulphone capacity from 6,000 MTPA in FY12 to 7,800 MTPA in FY17. In FY15 we added CPC Green Pigment to our product basket through demerger and transfer from Asahi Songwon Colors Ltd.. The capacity of CPC Green Pigment was further increased by 480 MTPA to 1920 MTPA in FY17. These increased capacities accounted for increase in sales volumes. Apart from this, over the past year, due to the crackdown on the polluting industries by the Chinese government, our major competitors for Vinyl Sulphone faced shutdown. As a result of this, Indian chemical companies, in general, and us specifically experienced benefits in terms of better realizations. We expect this to continue for the foreseeable future. diversify our portfolio through the production of H-acid, Precipitated Silica and Pigment Violet. In order to further improve our margins, we have also decided to backward integrate by manufacturing CPC Crude Blue, which is a raw material for CPC Green Pigment. For the financial year 2018, we expect a 10% revenue growth Y-O-Y with EBITDA margins of 25-28%. We are fairly confident of achieving this target on account of 480 MTPA increased capacity of CPC Green Pigment, along with the 100 MTPA capacity of Pigment Violet coming into play, plus some part of the capex plan coming into play in the fourth quarter of FY18.