Moneycontrol PRO
Sansaar

business

Finolex to cut debt aggressively; sees FY14 margins at 11%

Finolex Industies‘ new plant at Masar is expected to increase the company‘s production capacity by 25 percent. Speaking to CNBC-TV18 chairman Prakash Chhabria said Finolex's margins may boost to 11 percent in FY14.

first published: Apr 2, 2013 04:11 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347