EIL needs no debt or equity in FY12

Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn’t require any borrowings in FY12. “We are a zero debt company today and are sitting on a cash of about Rs 2,000 crore. We don't need to go in for any borrowings.”

April 01, 2011 / 17:49 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn

first published: Apr 1, 2011 01:56 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!