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Mar 07, 2011, 03.42 PM IST
In an interview with CNBC-TV18, Mukesh Ruia, MD, Shekhawati Poly Yarn Limited, spoke about the latest happenings in his company and sector.
Below is a verbatim transcript of his interview with CNBC-TV18's Reema Tendulkar and Ekta Batra. Also watch the accompanying video. Q: We understand you have some deleveraging plans, could you tell us what is on the table? What is it in terms of assets, which are currently not in use, which could be sold by the company? A: We have three units. One unit is situated at Dadra. It is a very small unit. We are planning to sell off this unit. The amount we are going to fetch for it is around Rs 2.5 crore for that. We are going to add 20 more machines at the new place. We have discussed this in our board meeting. We are doing it in process with postal ballot. Q: What is the investment needed for adding those 20 new machines at unit 3? A: That will be around Rs 50 crore. Q: Any more divestment on the cards to make you more operationally efficient? A: No nothing as such right now.
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