In an interview with CNBC-TV18, Amit Kalyani, executive director of Bharat Forge spoke about the latest happenings in his company and the road ahead.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: You have some FCCBs coming due in April. What is the game plan? Have you been able to roll it over or raise the money to pay back? A: I do not know what is difficult about it. It is a USD 40 million FCCB. Our company is very well positioned. We have debt-equity ratio of 0.5 times. We have very healthy cash flows. We have more than Rs 600 crore of cash on our balance sheet, so there is nothing difficult about it at all. Q: Will that raise your average interest cost at all or have you already set aside the money? A: No that will not lead to an increase in the interest cost. We have set aside the money and we are absolutely not concerned about that. Q: There was an improvement in margins from Q1-Q2 as well. How does the rupee depreciation impact youDiscover 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!
