In the special series of 'The outperformers of 2017' CNBC-TV18 will be getting you companies that have been star performers this year and NCL Industries is one such company that is up over 120 percent this year.
In an interview to CNBC-TV18, K Ravi, MD of NCL Industries spoke about the latest happenings in his company; debt levels post qualified institutional placement (QIP), current borrowing costs and sales volume target for FY19.
Ravi said that the current debt is at Rs 400 crore and raised Rs 200 crore via QIP.
He further said that we will use funds raised via QIP to repay some debt.
According to him, finance cost will come down by Rs 25 crore annually.
Talking about business, he said we have increased clinker plant capacity by 1 million tonne.
He expects FY18 sales volume at 1.7 million tonne.
Cement production to cross 2 million tonne by FY19, he added.
Watch accompanying video for more details.
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