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Last Updated : Nov 11, 2011 03:35 PM IST | Source: CNBC-TV18

See turnover around Rs 300cr in FY13: Gyscoal Alloys

In an interview to CNBC-TV18, Sunil Talati, independent director of Gyscoal Alloys says, he expects the turnover of around Rs 300 crore in FY13 and Rs 1,000 crore in FY14.


In an interview to CNBC-TV18, Sunil Talati, independent director of Gyscoal Alloys says, he expects the turnover of around Rs 300 crore in FY13 and Rs 1,000 crore in FY14.


Below is the edited transcript of the interview. Also watch the accompanying video.


Q: We understand that you have got the clearance for the land at Kavi. This was a much delayed clearance that you have got now. Could you tell us the plans that you have for this land?


A: Yes. The company had planned to acquire this land and start construction of the factory building. But then machineries got delayed because of various authorities involved in clearing the land. And that has now been cleared. Though some part of the balance land is still pending, but it will be over by end of this month. So, the entire land of around Rs 7 crore, which is purchased, will be done. Within ten months time, the entire process of construction of factory and installation of machinery consequential will be able to take place.

Q: We understand that you intend to set up a stainless steel plant over there. What

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First Published on Nov 11, 2011 03:14 pm
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