Manoj Gaur, executive chairman of Jaiprakash Associates is surprised at the recent underperformance of this company in the secondary markets. "We have been able to maintain decent growth rate," he said.
Going forward, he said, the company aims to maintain a growth rate of 40%. "We expect debt to scale down significantly in FY12," he said adding, "The treasury stake sale remains an option to pare down debt."
Gaur expects FY12 EBITDA above Rs 4,000 crore.
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