Since its initial public offering (IPO) launch in August 2016, Dilip Buildcon has seen a stellar rally. A Nomura report indicates standalone debt and consolidated debt will rise but relative gearing ratios are likely to remain stable.
In an interview to CNBC-TV18, Rohan Suryavanshi, Head - Strategy & Planning of Dilip Buildcon spoke about the latest happening in his company and sector.
“We will have a much better debt profile, far stronger equity profile from where we are,” he said.
The company is expected to announce its equity deal soon.
The total value of company’s assets, under-construction and completed, will be around Rs 1,500 crore.
Currently the company has Rs 2,500 crore and Rs 4,200 crore of standalone and consolidated debt on its books respectively.
Looking at reducing the debt as well as the cost of debt, he added.For full interview, watch accompanying video...