Don’t have a dividend or a buyback planned as of now as "we have cash of around Rs 400 crore on the balance sheet".

“PVC resin prices have moved sharply to Rs 1,140 per tonne due to supply disruptions,” said Anil Whabi, Director-Finance at Finolex Industries in an interview to CNBC-TV18.

The normalized margin for PVC business is at 12-15 percent and pipes business at 8-10 percent, he added.

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